Despite the country's strong economic fundamentals, consumer sentiment stayed flat for a third straight month in August as uncertainties prevail.
The Bank of Korea said its consumer sentiment index, which measures the nation's overall economic outlook, living conditions and future spending, stood at 105 this month. A reading above 100 means optimists outnumber pessimists.
The index hit a 13-month peak of 105 in June and has stayed flat since then. Central bank officials cited surging housing prices as one of the main reasons for the lack of continued upward momentum.