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South
Korean industrial production rose a blistering 5 percent in the month of November alone, driven by record export orders
for cars and semiconductors. Production by automakers increased 19 percent from October.
Neighboring
countries are also booming. Japan’s industrial production set an all-time record in November, while Chinese production
rose 16.6 percent in the same month.
While South Korea’s numbers were partly driven by a domestic sales boom
sparked by a temporary rollback in sales tax, its exports rose 12 percent to a record $25.9 billion in November.