Shortcut to Body Shortcut to main menu

Investment News

Manufacturing, Mining Sector Shipments Up in 2017
Date
2018.11.29


According to Yonhap News,

(SEJONG=Yonhap News) South Korea's manufacturing and mining industry shipments rose in 2017 mainly due to growth in the electronics, refined petroleum and machinery sectors, a government report showed Tuesday.

Combined shipments by companies with more than 10 employees reached 1,516 trillion won (US$1.34 trillion), up 7 percent, or 99.7 trillion won, from the year before.

The increase is attributable to a 14.6 percent on-year rise in electronics and a 26.6 percent gain in shipments from local refined petroleum businesses in the one-year period, the agency said. The machinery sector also posted a 19 percent on-year rise last year.

Such gains offset losses in the shipbuilding and automaking sectors, it said.

The report also said that the average shipment for manufacturing companies stood at 21.7 billion won last year, up 6 percent vis-a-vis 2016.

It said value-added products by mining and manufacturing companies rose 8.1 percent, or 41 trillion won, in 2017 to over 547.7 trillion won.

sam@yna.co.kr


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.


Source Text


Source: Yonhap News (November 27, 2018)

Related News

    Meta information

    Services

    Invest KOREA provides services support your investment journey.

    Find Nearby Invest KOREA Offices

    Discover nearby offices for Convenient access in your area

    Go to Overseas Office Site