Biz sentiment improves for October amid pandemic: poll

SEOUL, Sept. 29 (Yonhap) — South Korea’s business sentiment improved for October on expectations of a possible rebound in domestic consumption amid an accelerating nationwide vaccination drive, a local think tank said Wednesday.

The business survey index (BSI) of the country’s top 600 companies by sales rose to 103.4 for next month, up from 100.6 for September, the Korea Economic Research Institute (KERI) said in a statement.

The business outlook stayed above 100 for a second straight month. The actual BSI stood at 98.9 in September, up from 97.7 a month earlier.

A reading above 100 means optimists outnumber pessimists, while a figure below the benchmark means the opposite.

“The government needs to expand vaccinations and strengthen quarantine measures to prop up business sentiment amid a spike in new coronavirus cases following the Chuseok holiday,” KERI said.

KERI said 376 out of the 600 companies responded to the survey, which was taken from Sept. 13-17.

Biz sentiment improves for October amid pandemic: poll

kyongae.choi@yna.co.kr
(END)

Internet Explorer Channel Network
News Related

OTHER NEWS

International Consumer Products Expo to be held in Haikou on November 25-28

More than 1,000 Chinese and foreign enterprises will take part in the exhibition Read more »

(LEAD) SK Group vows to create 27,000 youth jobs over next 3 yrs: gov't

(ATTN: ADDS comments in paras 5, 8; CHANGES photo)By Joo Kyung-don SEOUL, Oct. 25 (Yonhap) — SK Group has promised to create 27,000 new jobs over the next three years ... Read more »

Samsung's de facto leader vows to reinvent Samsung at memorial event for late father

SEOUL, Oct. 25 (Yonhap) — Samsung Group’s de facto leader Lee Jae-yong vowed Monday to work toward reinventing the South Korea’s largest conglomerate in his first public message after being ... Read more »

Woori Financial Group Q3 net income up 58.1 pct. to 824.7 bln won

SEOUL, Oct. 25 (Yonhap) — Woori Financial Group Inc. on Monday reported its third-quarter net profit of 824.7 billion won (US$705.9 million), up 58.1 percent from a year earlier. Operating ... Read more »

LG Chem Q3 net income up 19.2 pct. to 679.9 bln won

SEOUL, Oct. 25 (Yonhap) — LG Chem Ltd. on Monday reported its third-quarter net profit of 679.9 billion won (US$581.9 million), up 19.2 percent from a year earlier. Operating profit ... Read more »

SK Group vows to create 27,000 youth jobs over next 3 yrs: gov't

SEOUL, Oct. 25 (Yonhap) — SK Group has promised to create 27,000 new jobs over the next three years as part of the government’s youth job and education support project, ... Read more »

Singapore inflation picks up in September as food, electricity and gas prices see sharper rise

SINGAPORE – Singapore’s consumer prices rose more sharply last month on the back of larger increases in electricity and gas prices, food costs and housing rents. All-items inflation rose to ... Read more »

S. Korea to hold K-Food Fair next month

SEOUL, Oct. 25 (Yonhap) — South Korea plans to hold a food fair next month to promote the country’s agricultural and other food products, and to help local companies’ advance ... Read more »

Dollar up to 70.35 rubles as trading on Moscow Exchange opens

Euro up to 82.04 rubles Read more »

Russia will produce newest Baikal aircraft in Komsomolsk-on-Amur - authorities

The launch of serial production of LMS-901 Baikal is expected to start in 2024 Read more »

World's most consumed edible oil also facing supply crunch

Workers load palm oil fruit bunches at an oil palm plantation in Slim River, Malaysia on Aug 12, 2021. KUALA LUMPUR (BLOOMBERG) – Palm oil production in Malaysia is on ... Read more »

Yellen expects high US inflation through mid-2022 before easing

US Treasury Secretary Janet Yellen said it’s “utterly essential” to raise the US debt ceiling. WASHINGTON (BLOOMBERG) – US Treasury Secretary Janet Yellen said she expects price increases to remain ... Read more »

Ombudsman urges wider state support to business during non-working days

The Business Ombudsman pointed out that companies outside the register of SMEs also constitute a significant part of the economy, the lack of support for them threatens possible insolvency Read more »

S. Korean regulator takes action against Nissan, Porsche over false emissions claims

Porsche Korea was among those found to have installed illegal software in their cars that altered the functions of gas emission reduction devices. The Korea Fair Trade Commission (KFTC) has ... Read more »

POSCO Q3 net profit up 415.7 pct. to 2.63 tln won

SEOUL, Oct. 25 (Yonhap) — POSCO on Monday reported its third-quarter net profit of 2.63 trillion won (US$2.2 billion), up 415.7 percent from a year earlier. The company said in ... Read more »

S. Korea to unveil measures to enhance efficacy of lending rules based on repayment capacity

SEOUL, Oct. 25 (Yonhap) — South Korea will unveil measures to curb household debt in a way that “strikes a balance” between toughening lending rules based on borrowers’ repayment capability ... Read more »

S. Korea ranks 4th in relative poverty among OECD nations

SEJONG, Oct. 25 (Yonhap) — South Korea ranks fourth in relative poverty among major economies in the world, data showed Monday, in a sign of its high income inequality. The ... Read more »

Ukrainian opposition politician says Kiev's offer to increase gas transit is belated

The fact that today Mr. Zelensky suggested gas pumping via our pipe be increased by 50% is an absolutely right decision, but the question is whom it is addressed to, Viktor Medvedchuk said Read more »

Tasmania has the best performing economy for seventh consecutive quarter: CommSec

Tasmania was largely left alone off Australia’s mainland for many decades, until a sequence of extraordinary global events. Australia’s soaring currency in the aftermath of the global financial crisis meant ... Read more »

Chinese economy risks deeper slowdown than markets realise, big banks say

HONG KONG (BLOOMBERG) – China’s economy risks slowing faster than investors realize as President Xi Jinping’s push to cut its reliance on real estate and regulate sectors from education to ... Read more »

Russian fitness centers request landlords to reduce rent by 50% by year-end

Fitness restrictions with the use of QR codes were introduced in more than 35 regions at the moment; industry assets are closed in some regions, authors of the address said Read more »

(3rd LD) New virus cases below 2,000 for 15th day as vaccination rate exceeds 70 pct milestone

(ATTN: UPDATES with latest info in 11th para) SEOUL, Oct. 23 (Yonhap) — South Korea saw its new coronavirus cases rise slightly Saturday, but the daily caseload stayed below 2,000 ... Read more »

(2nd LD) New virus cases below 2,000 for 15th day as vaccination rate exceeds 70 pct milestone

(ATTN: UPDATES with vaccination rate in lead para; ADDS info in para 9, new photo; AMENDS headline) SEOUL, Oct. 23 (Yonhap) — South Korea saw its new coronavirus cases rise ... Read more »

(URGENT) S. Korea's vaccination rate exceeds key milestone of 70 pct: KDCA

(END) Read more »

(4th LD) New virus cases below 2,000 for 15th day as vaccination rate exceeds 70 pct milestone

(ATTN: UPDATES with latest info in 11th para) SEOUL, Oct. 23 (Yonhap) — South Korea saw its new coronavirus cases rise slightly Saturday, but the daily caseload stayed below 2,000 ... Read more »

EU climate chief puts off visit to Moscow, will meet with Russian delegation in Glasgow

In mid-September, Timmermans announced at a plenary session in the European Parliament that he was planning to visit Russia for talks on climate change in the run-up to the Glasgow conference Read more »

First express train with vegetables, fruits to depart from Tashkent to Moscow in November

Kazakhstan, the country through which the train will travel, also joined the project, Deputy Prime Minister of Uzbekistan Sardor Umurzakov said Read more »

Uzbekistan, Russia to hold intergovernmental commission's meeting next week

According to Uzbek Deputy Prime Minister Sardor Umurzakov, the meeting will be held "in an absolutely new format," in particular media representatives will be able to attend it "from the beginning to the end" Read more »

Twitter and Square CEO Jack Dorsey says 'hyperinflation' will happen soon in the U.S. and the world

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, ... Read more »

Moldova staged gas crisis, its debt amounts to $433mln - Gazprom

Spokesman for the Russian gas giant Gazprom Sergei Kupriyanov said that no politics can be seen in the crisis with gas supplies to Moldova, as Gazprom cannot operate at a loss Read more »

NBFCs: Reserve Bank to step up vigil with four-layered regulatory framework

Representative image The Reserve Bank of India (RBI) will put in place a four-layered regulatory structure for non-banking financial companies to keep a stricter vigil on the shadow banking sector ... Read more »

Why inflation will remain a worry for some months

Inflation projection for the third quarter was lowered to 4.3 percent from the August estimate of 5.3 percent. [Representative image] Onions and tomatoes have become more expensive and so have ... Read more »

RBI remains laser-focused to bring back inflation to 4%: Governor Shaktikanta Das

Reserve Bank of India (File image) The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor ... Read more »

Moneycontrol Pro Panorama | The inflation story has a sting in the tail

AP Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra ... Read more »

Inflation, high oil prices temporary phenomenon; economy opening up gradually: Senior officials

Representative image Inflation driven by high crude oil prices is a temporary phenomenon and the economy is gradually opening with both public and private investments picking up, senior government officials ... Read more »

Russian petro firms eye mining cryptocurrencies at oil extraction site

Russian oil producers will organize cryptocurrency mining next to their extraction sites to generate electricity from excess gas released in minting coins. The excess gas, classified as associated petroleum gas, ... Read more »

Capital Convertibility | RBI is moving ahead, one step at a time

Reserve Bank of India Speeches of central bankers are tracked widely across the financial markets. While speeches by central bankers from developed countries are tracked for economic outlook, and possible ... Read more »

Walmart now offers bitcoin at 200 of its stores

To buy bitcoin at Walmart, customers must open an account with cryptocurrency exchange Coinme. Bitcoin could now be purchased at Walmart through Coinstar kiosks located inside 200 of its stores ... Read more »

S. Korea's solar power capacity soars under Moon

South Korea’s newly installed 13,980 MW solar power capacity that started when President Moon Jae-in took office in 2017. South Korea’s cumulative solar power capacity surged with the newly installed ... Read more »

US Treasury Dept says crypto challenges efficacy of sanctions

The US Treasury Department wants more funding for its financial intelligence and sanctions units and staff to combat national security threats. The US Department of the Treasury warned that the ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic