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South Korea: Strategic developments in Seoul
Industrial output, retail sales, facility investment down in Aug. South Korea's industrial output lost ground in August from a month earlier, data showed Wednesday, with retail sales and facility investment also backtracking in a triple whammy for the first time since May. Industrial production lost 1.3 percent from a month earlier in August, according to data from the Ministry of Data and Statistics. Output in the mining and manufacturing sector, a key pillar of the economy, slipped 4.8 percent, due mainly to the automobile industry. Machinery production rose
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