South Korea Tech Industry’s Confidence Sours to Seven-Year Low
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South Korea’s tech industry is now more pessimistic about consumer demand than it was during the pandemic, with the outlook for confidence seen slipping to its lowest level in seven years.
Data released Friday by the Bank of Korea show the outlook among electronics, display and communication-device businesses fell to 61 for February. If the actual business outcome matches the forecast, it would be the lowest reading since February 2016 when the business survey index hit 59.