Korean Consumer Confidence Jumps to 4-Year High on Stimulus Hope
South Korea's consumer confidence rose to the highest in four years as easing domestic political uncertainty, fresh fiscal stimulus and hopes for pro-growth policies under the new administration buoyed sentiment.
The composite consumer sentiment index climbed 6.9 points to 108.7 in June, rising well below the threshold of 100 that divides optimism from pessimism, according to a Bank of Korea survey released Tuesday.
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