emirates7 - South Korea's industrial output decreased by 0.4% in November compared to the previous month, marking the third consecutive month of decline, according to government data released on Monday. The decline was attributed to a 5.4% monthly in automobile production, primarily due to labor strikes, as reported by Statistics Korea and Yonhap News Agency.

In contrast, the semiconductor sector experienced a 3.9% month-on-month increase, driven by robust overseas demand.

On an annual basis, overall industrial output fell by 0.3% in November. Meanwhile, retail sales, a crucial indicator of private consumption, rose by 0.4% from the previous month, recovering after two months of consecutive declines.