Yonhap reported that major foreign investment banks predicted that South Korea's industrial output will likely remain weak for some time, citing less demand for its products caused by the toughening external market conditions.

South Korea's industrial output grew 2.8% YoY in December 2011, slowing from a 5.8% gain in November 2011. It shrank 0.9% MoM in December 2011, marking the third straight month that production declined.

(Sourced from www.yonhapnews.co.kr)