Industry Information

Title Korea Major 10 Industries See Sustainability -- KDB Research
Manager Ralphy Song Department in charge Exhibition Managment Team
Contact 02-3459-0028 Date 2018-01-29 13:18:00.54

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Korea's Major 10 Industries See Sustainability -- KDB Research

 

 

KDB Research, in its new publication titled "2018 Korean Economy, Finance, Industry Prospects," forecast that the nation's 10 major industries will maintain sustainable growth in general despite a little industry-by-industry difference. for instance, shipbuilding completions are seen to suffer a minus 25.1% growth while new orders see a 5.8% expansion, etc.

 

 

Division

Unit

2017 (E)

Growth Rate (%)

2018 (F)

Growth Rate (%)

Steel

Production

1,000 M/T

77,314

4.0

77,560

0.3

Imports

1,000 M/T

11,610

-15.5

10,927

-5.9

Domestic Consumption

1,000 M/T

56,665

-0.7

56,085

-1.0

Exports

1,000 M/T

32,259

4.2

32,402

0.4

Automobile

Production

1,000 Cars

4,249

0.5

4,210

-0.9

Domestic Consumption

1,000 Cars

1,586

-0.9

1,562

-1.5

Exports

1,000 Cars

2,656

1.3

2,642

-0.5

O'seas Production

1,000 Cars

3,976

-14.5

4,320

8.7

Shipbuilding

New Orders

Million CGT

6.0

179.4

6.4

5.8

Completions

Million CGT

10.9

-11.2

8.2

-25.1

Order Books

Million CGT

15.7

-50.5

13.9

-11.4

Exports

US$ Billion

30.6

-10.7

25.8

-15.8

General Machinery

Production

\ Trillion

115.8

17.3

117.7

1.6

Imports

US$ Billion

35.0

28.8

36.6

4.4

Domestic Consumption

\ Trillion

99.3

13.3

101.9

2.5

Exports

US$ Billion

51.5

17.8

52.4

1.8

Petrochemical

Production

1,000 M/T

21,798

2.6

21,994

0.9

Imports

1,000 M/T

1,009

9.9

1,004

-0.5

Domestic Consumption

1,000 M/T

11,770

4.9

11,974

1.7

Exports

1,000 M/T

10,999

2.1

10,972

-0.2

Semiconductor

Production

\ Trillion

95.0

23.9

96.9

2.0

Imports

US$ Billion

42.2

15.2

44.9

6.5

Domestic Consumption

\ Trillion

31.9

-32.2

32.6

2.2

Exports

US$ Billion

97.7

57.1

102.6

5.0

Display

Production

\ Trillion

61.2

-6.1

61.0

-0.4

Imports

US$ Billion

6.3

29.7

6.4

2.5

Domestic Consumption

\ Trillion

32.2

-15.8

32.4

0.6

Exports

US$ Billion

31.8

13.3

32.1

0.7

Cellular

Production

\ Trillion

40.6

-5.9

42.0

3.4

Imports

US$ Billion

11.3

3.0

11.6

2.4

Domestic Consumption

\ Trillion

26.1

5.3

26.6

1.7

Shipping

Exports

US$ Billion

24.0

-10.0

25.4

5.5

Trade Volume

Million M/T

11,536

3.7

11,986

3.9

Fleet Volume

Million DWT

1,863

3.1

1,932

3.5

Construction

Domestic Consumption

\ Trillion

142.7

-2.1

126.1

-11.6

Domestic Turnover

\ Trillion

142.9

19.1

167.2

17.0

O'seas Order

US$ Billion

31.4

11.5

32.9

4.5

 

Source: KDB Research