South Korea¡¯s shipbuilding, petrochemical and steel manufacturers will continue to suffer from slow recovery due to a global supply excess and low demand in the second half(H1) of this year, according to a report released by KDB.
The report stressed local shipbuilding and display industry will show a high growth figure due to the base effect, but actual recovery will be insignificant. Mobile phones will continue to be strong but relocation of production sites to overseas will contract domestic production and export. Meanwhile, automobile and semiconductor sectors will perform well in both shipments and exports.
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