South Korea Factory Output Down 0.4% In June

South Korea's industrial output declined in June, according to government data. South Korea's industrial production dropped a seasonally adjusted 0.4% versus a month earlier, after a 1.1% rise in the prior month. However, economists were expecting a 0.1% rise in June. The country's industrial production rose 1.6% y/y in June, versus a 2.6% surge in May. However, economists were expecting a 2.1% y/y rise.