[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Korean economic news to share with you which is as undermentioned.
Inventory of South Korean manufacturers has increased to its highest point in 10 years, data showed Monday, a likely sign of a dulled economy.
Figures obtained fr om the Korea Center for International Finance and Statistics Korea put the inventory-to-sales ratio in December last year at 116 percent. The number is the highest since 122.9 percent in September 1998, when the country was struggling with the Asia-wide foreign exchange crisis.
The ratio has been on the incline fr om late last year. After reaching 106.9 percent in October, it climbed to 111.7 percent in November.
Inventories sometimes rise during an economic boom, when manufacturers stock up for large shipments, such as semiconductors.
Read more at: http://www.koreaherald.com/view.php?ud=20190211000272
Kamagroup Pvt. Ltd.
Have a nice day.