Sunday, February 17, 2008

[ News, Economy / Industry, January 8 2008] Korea's manufacturing productivity up sharply in Q3

Korea’s labor productivity in manufacturing moved up sharply in the third quarter of 2007, fueled by solid growth in information technology (IT) businesses and heavy industry, a government report said Tuesday (Jan. 8).

Korea’s manufacturing productivity soared 14.8 percent in the July-September period, compared with an 8.7 percent increase in the second quarter, according to the report by the Ministry of Commerce, Industry and Energy.

According to the findings, the labor productivity of the IT sector grew 25.3 percent, while that of the non-IT areas expanded 7.3 percent.

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