Yonhap reported that output of South Korea's machinery industry is expected to rise 5.1% YoY to KRW 453.7 trillion (USD 424 billion) next year, with its growth likely to turn around slightly on a possible recovery in the global economy.
According to a report by the Korea Association of Machinery Industry, machinery exports are forecast to grow 8.9 percent from a year earlier to USD 194.6 billion next year, with the machinery industry expected to post a trade surplus of USD 88.9 billion.
