Korea's machine tool consumption is expected to increase to 5.6 trillion won this year from 5.3 trillion won in 2012. Rising from fifth place to forth in terms of global machine tool production in 2012, domestic production is projected to jump 5.1% in 2013 to more than 6.7 trillion won. Korea's exports and imports of machine tools this year are forecast to reach US$2.75 billion and US$1.7 billion respectively, representing increases of 5.7% and 9.7% year-on-year.
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