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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (6383)6/29/1999 10:14:00 PM
From: Ian@SI   of 15132
 
S.Korea has come roaring back to life...

++++++++++++June 30, 1999


Business and Finance - Asia
South Korea's Industrial Output
Rose 21.8% in May Year-on-Year
Dow Jones Newswires

SEOUL, South Korea -- South Korea's industrial output rose 21.8% year-on-year in May, compared with a fall of 11% in May last year and a rise of 17% in April this year, the National Statistical Office said Tuesday.

The office cited rising consumption, investment, exports volume and plant operation ratio for the rise, the highest level since August 1988.

"The 21.8% industrial output rise indicates that the country's economic recovery is being expedited and the country is at a pre-crisis level," said an office official, adding the office is encouraged by rising investment.

In May, production of automobiles rose 53.7% year-on-year, that of semiconductors was up 46.7% and that of office machinery such as computer monitors surged 120.3%, the office said.
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