Channel NewsAsia

S Korea output growth slows in April

South Korea's industrial output growth slowed in April from the previous month, due to punitive actions against mobile carriers and a slump in consumer demand, government data showed Friday.

SEOUL: South Korea's industrial output growth slowed in April from the previous month, due to punitive actions against mobile carriers and a slump in consumer demand, government data showed Friday.

Production in the mining, manufacturing, gas and electricity industries gained 0.1 per cent, compared to 0.9 per cent growth in March, Statistics Korea said.

The slowdown came amid a dip in consumer spending exacerbated by the trauma of last month's ferry disaster that claimed around 300 lives and paralysed the nation.

"The disaster affected the service and leisure industries," a senior Statistics Korea official said.

"The largest factor, however, was the suspensions handed down to mobile carriers," the official said.

In March, the government barred the three major mobile carriers from signing up new subscribers for 45 days for wooing customers with illegal subsidiaries.

Tweet Photos, Videos and Update on this Story to  #cna