Giant cranes are seen at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea. Photo: Reuters, Kim Hong-Ji
Giant cranes are seen at the Hanjin Shipping container terminal at Incheon New Port in Incheon, South Korea. Photo: Reuters, Kim Hong-Ji

The latest data on investments and exports show the Korean economy is recovering, but the growth has been limited by weak domestic consumption, a government think tank said Monday.

Overall industrial output rose 4% in March compared to a year earlier, according to the Korea Development Institute, largely thanks to boosts in the service sector and insurance. Exports in April jumped 24.2% as demand for semiconductors continued to ride high.

The encouraging data comes amid concerns China’s IT self-sufficiency goals, along with protectionism around the world pose long-term threats, as Business Korea reports this week.