Business sentiment rebounded for the first time in four months... "The effect of lowering interest rates."

It turns out that the economy experienced by our companies has rebounded for the first time in four months.

According to the Bank of Korea's "Corporate Economic Survey Results" released today (24th), the overall industrial business sentiment index and CBSI in October were 92.1.

It broke the downward trend that has been going on since June and rose 0.9p from September.

The Bank of Korea analyzed that the reduction of the benchmark interest rate by Korea and the United States or the announcement of China's economic stimulus plan had a positive impact.

However, the CBSI forecast for all industries in November was 89.8, down 2.8p from October.

It explained that the outlook has darkened due to uncertainties in the IT economy and possible delays in domestic demand recovery.

The survey was conducted on 3,524 corporate companies nationwide from the 8th to the 16th.