For the first time in 10 months, more than half of corporations in Korea have positive economic outlooks, according to a survey of 600 major companies by the Federation of Korean Industries.
The organization put its Business Survey Index, a measure of economic outlook, at 104.4. A BSI higher than 100 means that more businesses expect economic improvement than deterioration.
This survey is the first in the positive range since a score of 104.7 in May. The BSI hit 82 in December. In the most recent survey by category, the BSI for exports was 106.6, employment 100.7, profitability 102 and financial situation 97.4.
Most businesses cited the inauguration of the new government as a crucial reason for their optimism about the economy. President Park Geun-hye earlier pledged that a top goal would be to create more jobs.