Economics
Korea Consumer Confidence Rebounds to Near Pre-Scandal Level
- Central bank consumer sentiment index rises to 101.2 from 96.7
- Improving exports, hope for new policies seen driving rise
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Consumer confidence in South Korea rose by the most since 2013 as data suggested the economy is recovering and the nation began to move on from the impeachment of the president.
The Bank of Korea’s monthly consumer sentiment index rose to 101.2 in April from 96.7 the previous month, indicating rising optimism, data released Tuesday show. The gauge is now close to the level seen before a political scandal erupted in late 2016, engulfing then-President Park Geun-hye and some of the nation’s biggest companies.