ULSAN < invest Korea

According to Yonhap News,

Ulsan Manufacturers are negative about business in August and September

According to the Ulsan branch of the Bank of Korea, business sentiment index(BSI) for manufacturers in August dropped by 6 points to 87.

The BSI of economic projection also declined by 3 points from 95 to 92 in September.

Businesses cited rising raw materials prices(18.4%), uncertain economic prospects(17%), and fierce competition(9.8%) as the difficulties of doing business in August.

Source Text

Source: Yonhap News (Sept. 1, 2011)

** This is an English translation of a Korean news article.