Biz sentiment improves to 3.5-year high in May on robust exports: BOK survey

Containers are stacked at a port in Pyeongtaek, Gyeonggi, on May 8. [YONHAP]

Korea's business sentiment rose for the third straight month to hit a three-and-a-half-year high in May on robust semiconductor-driven exports, a central bank poll showed Wednesday.

The Composite Business Sentiment Index, or CBSI, for all industries came to 98.9 in April, up 4 points from the previous month, according to the survey by the Bank of Korea (BOK).

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It marked the highest reading since October 2022, when the index hit 99, and also recorded the largest on-month gain following a 4.4 percent rise in May 2023.