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S. Korean Manufacturing Wanes, IT on Forefront
Source: english.yonhapnews.co.
Source Date: Monday, August 04, 2014
Focus: Citizen Engagement
Country: Korea (Republic of)
Created: Aug 05, 2014

South Korea's industrial landscape has changed dramatically in the last three years as the manufacturing industry, the country's traditional growth engine, shrank in the wake of an global economic slowdown while the information technology and electronics sectors arose as the new market leaders, data showed Monday.

The aggregate value of listed firms in the nation's main stock market tallied 1.19 quadrillion won (US$1.15 trillion) as of July 31, a 4.7 percent surge from Aug. 3, 2011, according to data compiled by CEO Score, which tracks the nation's big business groups. The comparison dates were the two most recent periods when the KOSPI, the benchmark stock market index, went over 2,080 points.

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