Pessimism Archives | Be Korea-savvy

Pessimism Still Overshadows Optimism among Manufacturers

SEOUL, April 11 (Korea Bizwire) – The business sentiment index for the second quarter rose from the previous quarter, but pessimism still outweighed optimism overall, the Korea Chamber of Commerce and Industry (KCCI) said Tuesday. A survey of some 2,200 manufacturing firms put the business sentiment index at 89 in the second quarter, up 21 [...]

Social Gap Continues to Widen as Pessimism Grows

SEOUL, Dec. 12 (Korea Bizwire) – An increasing number of Koreans are identifying themselves as lower-economic class citizens, a recent Statistics Korea report showed, with a large majority now losing hope of even having a chance to move up the social hierarchy. According to the Korea Social Trends 2016 study, released Monday, 20 percent of [...]