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Sept. output hits 15-yr high on chips; sales, investment up
South Korea's industrial output in September rose at the fastest pace in over 15 years, led by chips, with retail sales and facility investment also gaining, Yonhap and the Korea Times report. Industrial production rose 3 percent on-month, and the growth was driven by an AI-driven semiconductor supercycle and new automobile releases, according to KBS World. Tax revenue also climbed 26.4 trillion won ($19.6 billion) year-on-year in September on higher corporate tax collections from chipmakers, the Korea Times reports. Korean media frame the data as a broad-based improvement, with business sentiment rising to a more than four-year high in October, per a Bank of Korea survey cited by the Korea Times.
- Sept. industrial output growth hits 15-yr high on chips; retail sales, investment also up
- Industrial Output, Retail Sales, Facility Investment All Rise in September
- Industrial output up in Sept. on chips; retail sales, facility investment also gain ground
- Tax revenue up $19.6 bil. in Sept. amid chip supercycle
- Biz sentiment rises to over 4-year high in Oct. on improved outlook: BOK
