South Korean companies' business outlook for March has improved compared to the month before.
According to the Bank of Korea Thursday, the Business Survey Index for all industries recorded 73 for March,.... up 4 points on-month.
The BOK attributed the rising sentiment to new smartphone launches that will help drive demand for telecommunications equipment and increasing demand for auto parts.
The outlook for April remained the same at 76.
But the figure is still below 100, meaning there are more pessimists than optimists about the business outlook.
