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According to the latest statistics from the Korea Machine Tool Manufacturers Association (KOMMA), in July 2011, the Korean machine tool industry added orders of 325.432 billion won, down 14.62% from the previous month's 381.174 billion won, which is already 4 consecutive orders for Korean machine tools. The month-on-month decline. Compared with the same period of last year, the order amount in July 2011 increased by 32.98% compared with 244.715 billion won in July 2010. From January to July 2011, the cumulative new orders for Korean machine tools reached 2883.93 billion won, an increase of 42.25%. According to KOMMA data, South Korea's machine tool orders reached a record high in the first half of this year, with local orders accounting for 56.7%, totaling 1.45 trillion won, up 34.6% year-on-year. The growth drivers are mainly from the automotive industry and enterprises. Equipment investment. Overseas orders accounted for 43.3%, amounting to 1.11 trillion won, an increase of 60.3% year-on-year; orders from Europe and the United States increased significantly year-on-year, while orders from Asian countries such as China and India also performed well. In July 2011, the output value of Korean machine tools was 282.596 billion won, down 15.17% from 333.12 billion won last month, but it was 13.16% higher than the 245.871 billion won in July 2010. From January to July 2011, the total value of total machine tools produced in Korea was 203.093 billion won, an increase of 33.38% over the same period of 2010 of 152.265 billion won.