Middle East Disruptions Hitting Economic Activity In South Korea And Japan
2026-04-30 02:40:00 ET
By Min Joo Kang , Senior Economist, South Korea and Japan
Korea: Output declines in refinery and semiconductor sectors
South Korea’s industrial production rose 0.3% month-on-month, seasonally adjusted, in March (vs 5.3% in February, 0.6% market consensus). Oil disruptions are one reason, but a technical payback after a strong gain in February probably contributed to the slowdown. Details showed that the robust output gain in transportation – cars (7.8%) and other transportation (12.3%) – offset the decline in semiconductors (-8.1%) and oil refineries (-6.3%). The production of hybrid vehicles and automotive components rose significantly. The output of container ships and aircraft parts also recorded notable growth....
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Middle East Disruptions Hitting Economic Activity In South Korea And Japan
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