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Industrial production in South Korea climbed a working day adjusted 33.9% year-on-year in December following the 17.9% growth in the previous month, the National Statistical Office reported on Friday, exceeding market expectations for a 30.8% increase.
On a monthly basis, industrial production grew 3.5%, accelerating from the 1.5% increase in the preceding month.
The statistical office also said that service industry activity rose 5.3% annually in December, faster than the 3.5% increase in November. Month-on-month, services activity rose 1.8%.
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