SEOUL : Confidence among South Korea's services sector firms has continued to improve, with their outlook for July the most optimistic in nine months, but manufacturers turned a bit pessimistic, a central bank survey showed on Thursday.The business outlook index for the services sector rose to 78 for July
SEOUL : Confidence among South Korea's services sector firms has continued to improve, with their outlook for July the most optimistic in nine months, but manufacturers turned a bit pessimistic, a central bank survey showed on Thursday.
The business outlook index for the services sector rose to 78 for July on a seasonally-adjusted basis, from 75 in June, according to the Bank of Korea's monthly survey of companies. The index rose above its two-decade average of 77 for the first time since October 2022, with the survey showing less worries about economic uncertainties overall, despite greater concern over weak domestic demand.
The index for the manufacturing sector, meanwhile, fell to 69 from 70, which was the highest in five months. South Korea's economy grew 0.3 per cent in the first quarter from the previous quarter, with private consumption leading the way, after contracting in late 2022. Exports may also be slowly turning the corner after a prolonged slump.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Koreans get younger as traditional age system droppedSEOUL: Lee Jung-hee was set to turn 60 next year but South Korea dropped its traditional age counting system Wednesday (Jun 28), so the Seoul-based housewife just got a year younger - and she's thrilled. South Korea is the last East Asian country to officially still use a method of calculating age that det
Read more »
Japan reinstates South Korea to white list of preferred trading partnersThe two countries have taken steps to resolve issues tied to Japan’s colonial rule over the Korean Peninsula. Read more at straitstimes.com.
Read more »
Law change makes everyone a year or two younger in South KoreaSouth Koreans used to be referred to as one to two years older because time spent in the womb is counted. Read more at straitstimes.com.
Read more »
YouTube removes North Korean 'vloggers' after South Korea blocks accountsSEOUL: Three YouTube channels seen as linked to North Korea's state media have been taken down, a spokesperson for the US video hosting site said on Tuesday (Jun 27), after South Korean regulators blocked them at the request of the country's spy agency. The channels featured English-speaking young women, i
Read more »
YouTube removes North Korean 'vloggers' after South Korea blocks accountsThe channels featured English-speaking young women, including a girl as young as 11. Read more at straitstimes.com.
Read more »