South Korea’s shipbuilding, petrochemical and steel manufacturers will continue to suffer from slow recovery due to a global supply glut and low demand in the second half (H1) of this year, KDB said in a report Monday.
The local shipbuilding and display industry will show a high growth figure due to the base effect, but actual recovery will be insignificant, the report said.
Mobile phones will continue to be strong but relocation of production sites to overseas will contract domestic production and export, the report said.
Meanwhile, automobile and semiconductor sectors will perform well in both shipments and exports.
[Written by Chan-dong Seo / edited by Soyoung Chung]
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