Business sentiment among Korean manufacturers looks much brighter in the second quarter,… backed by strong exports of semiconductors.
According to the Korea Chamber of Commerce and Industry, its Business Survey Index stood at 97 in the April-to-June period, up eleven points from the previous quarter.
Although a reading below 100 means pessimists outnumber optimists, the index now sits at a high not seen in three years.
Seoul's IT and electronics sectors recorded Hundred-12 thanks to soaring demand for the nation's semiconductors.
Business sentiment among Korea's steel and automobile manufacturers was among the lowest of all the sectors polled.