South Korea's retail sales decline hits 21-year low, but industrial output and investment rise.
In 2024, South Korea saw its retail sales drop by 2.2%, marking the longest decline in 21 years and the third straight year of falling sales, mainly due to high inflation. Despite this, industrial output grew by 1.7%, fueled by strong demand for semiconductors, marking three years of growth. Facility investments also rose by 4.1% year-on-year.
2 months ago
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