[THE INVESTOR] South Korean businesses project difficult economic conditions in July, a survey showed on June 29.

The business survey index or BSI for July outlook compiled by the Federation of Korean Industries came in at 90.5, down from 94.8 for June. BSI measures businesses’ assessment of economic conditions, and figures below 100 show negative assessment. For the latest figures, the FKI surveyed Korea’s top 600 companies by revenue. 


The FKI cited international uncertainties brought on by UK’s decision to leave the European Union, as well as domestic factors such as corporate restructuring.

By Choi He-suk (cheesuk@heraldcorp.com)