Business confidence in Korea surges in the second quarter

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Business confidence in Korea surges in the second quarter

Korea’s business confidence surged for the second quarter, reflecting expectations that the economy may improve gradually in the coming months, according to the results of a survey released yesterday.

The business survey index for the April-June period came to 99, a sharp increase from 77 for the current quarter, said the Korea Chamber of Commerce and Industry. The poll also marks a rebound from seven straight quarters of BSI contraction.

Business confidence numbers started falling after hitting 128 in the second quarter of 2010.

The online survey checked 2,500 businesses across the country.


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