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S. KOREAN BUSINESSES PESSIMISTIC ON ECONOMY IN JULY.
SEOUL, July 3 Asia Pulse - A majority of South Korean companies are pessimistic about the nation's economy in July as they fear rising oil prices and the won's ascent to the U.S. dollar may erode their profits, a survey showed Monday.
The business survey index for South Korean companies came to 94.2 for July, down from 98.6 the previous month, according to the poll by the Federation of Korean Industries. A reading below 100 means that pessimists outnumber optimists.
It was the second consecutive month that the index fell below the benchmark. The index had stood over the benchmark since September, 2005, when it was at 111.4, but has stayed below 100 since June.
"Corporate concerns about the economy are growing as oil prices and the won's value stay high, while other factors such as the North Korean missile issue, labor unionists' strike season in the summer and the central bank's potential rate ...
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...investment company, are bullish on South Korean business. Their enthusiasm...executive, cited his experiences in South Korean investing as a lesson in how...admirers of Korea," he said. Korean businesses are among the best "ever created...
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...being left uninspected for too long. South Korean businessmen certainly hope for an end...only when the middlemen are cut out and South Korean businessmen are allowed to show the...maintaining the embargo is prudent: that South Korean companies should not prop up Kim Jong...
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...statement. For years, the suspected Chinese counterfeiting of South Korean products such as mobile phones and compact cars has been...relations between the two countries. In December 2004, South Korean automaker GM Daewoo Auto and Technology Co. filed a lawsuit...