With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality…

South Korean Industrial Production crashed 5.9% YoY in October – the biggest plunge since Feb 2013 – driven by a 17.5% collapse in auto production.

Economists had forecast a 3.0% surge in IP this month.

Of course, for the rampant buyers of South Korean stocks, none of that matters…