South Korea's industrial output plunged 14.1 percent in November from a year
earlier, dropping at the fastest pace in history amid growing concerns over
worsening economic conditions, a government report showed today.
According to the report by the National Statistical Office (NSO), industrial
production further shrunk from a 2.3 percent decline in October, marking the
sharpest fall since related data started to be compiled in January 1970.
Worse-than-expected output figures come as South Korea's economy is showing
signs of a marked slowdown.
South Korean economy grew 0.5 percent in the third quarter from the previous
three months, the slowest pace in four years, the data by the central bank