True
South Korea's corporate outlook indicator remained in negative territory for the second consecutive month, the Bank of Korea's business survey shows — a souring of sentiment among companies that stands in contrast to the strong earnings momentum in the country's semiconductor sector, led by Samsung Electronics and SK hynix.
The Bank of Korea's business survey index (BSI) on corporate conditions has now posted a negative reading two months in a row, according to the central bank data. A reading below 100 means respondents who expect conditions to worsen outnumber those who expect improvement.
The persistent pessimism comes even as semiconductor companies report robust results, underscoring a gap between the export- and chip-driven recovery and the mood across the broader corporate base.
Korea's semiconductor industry has been a standout performer, with the sector's earnings strength providing a key pillar of the economy. But the central bank's survey indicates that this strength has not translated into a positive outlook among companies overall, which remained cautious about business conditions going forward.
The survey covers manufacturers and non-manufacturers' assessments and expectations of their business conditions, and the latest figures mark the second straight month of sub-100 readings.
Analysts will watch whether the BSI returns above the neutral 100 line in coming months, or whether corporate caution deepens despite the semiconductor upswing.
The claim that the corporate outlook index stayed negative for two consecutive months even amid strong semiconductor results is True.