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UPDATE 1-Chips boost S.Korea's Dec factory output, full-year worst since 1998 [Reuters]

Shinhan Financial Group Co Ltd American Depositary Shares (SHG) 
US:NYSE Investor Relations: shinhangroup.co.kr/en/invest/main.jsp
Company Research Source: Reuters
UPDATE 1-Chips boost S.Korea's Dec factory output, full-year worst since 1998 * Dec factory output +3.5% m/m s/adj (Reuters poll +0.5%) * Dec output +4.2% y/y (Reuters poll +1.0%) * Factory output for the whole of 2019 -0.7%, worst since 1998 * Chips, cars boost output; virus outbreak to weigh on Jan data (Adds details, economist comment) By Cynthia Kim and Joori Roh SEOUL, Jan 31 (Reuters) - South Korea’s December factory output exceeded forecasts as soaring chip production fuelled industrial activity, but the virus outbreak in China will likely dent demand in January. Industrial output jumped by a seasonally adjusted 3.5% in December from a month earlier, government data showed on Friday, easily beating a 0.5% rise tipped in a Reuters survey and marking the fastest jump since November 2016. Recent economic indicators, including December trade data, have shown signs of recovery in Asia’s fourth-largest economy. “Production in machinery equipment, especially semiconductor and flat pan Show less Read more
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