Retailers pessimistic about business conditions in Q3A majority of Korean retailers remain downbeat on their business conditions in the third quarter amid concerns over weak domestic demand and high household debt, a poll showed Sunday.
The Korean Chamber of Commerce and Industry (KCCI) said its retail business survey index (RBSI) stood at 91 for the July-September period of the year, up from 90 three months earlier.
The figure is based on a poll of some 1,000 retail businesses in Seoul and six other major cities nationwide. A reading below 100 means that pessimists outnumber optimists. YONHAP
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