SEOUL, June 29 (Xinhua) — Confidence among South Korean businesses stayed low this month on worries about the ongoing restructuring in shipbuilders and shipping firms, central bank data showed on Wednesday.
The business sentiment index (BSI) for manufacturers stood at 71 in June, unchanged from the previous month, according to the Bank of Korea (BOK). The reading below 100 means pessimists outnumbered optimists.
The figure rose from 63 in February to 71 in April, before staying at the level for two straight months as concerns spread about the government-led corporate restructuring in shipbuilders and shipping firms that have struggled with massive losses and falling orders.
The government urged the country’s top three shi…
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