[Asian Games] North Korean ping-pong legend injured in car accident: report

Korean firms’ biz sentiment hits 5-month low

kh close

 

Published : 2014-06-29 21:09
Updated : 2014-06-29 21:09

South Korea’s major companies are bracing for challenging times in July, as unfavorable exchange rates hurt exporters and consumer demand hit by the ferry disaster has not recovered, a poll showed Sunday.

The Business Survey Index came to a five-month low of 94 for July, a dip from 94.5 forecast for June, according to the poll of the 600 largest companies by sales conducted by the Federation of Korean Industries. A BSI reading below the benchmark 100 means pessimists outnumber optimists.

“Consumer spending has not fully recovered from the sinking of the ferry, while the strong won is adversely affecting profitability of exporters,” the lobbying group for big businesses said in a press release.

Government data showed retail sales grew a meager 1.4 percent in May from the month before, with industrial output across all sectors contracting 1 percent in the same month vis-a-vis April. (Yonhap)

Photo News

티아라 효민 멋진 뒤태에 남심 흔들

섹시백 선발대회 몸매 뽐내는 참가자들

카자흐 女배구선수 초특급 미모, 전세계 ‘깜짝’