Customers shop at a supermarket in Seoul, Jan. 1. YonhapKorean retailers’ business sentiment worsened for the first quarter of this year amid high inflation, soaring interest rates and other negative factors, a poll showed Wednesday.The Korean Chamber of Commerce and Industry (KCCI) said its retail business survey index (RBSI) stood at 79 for the January-March period, down from 83 three months earlier.The RBSI is based on a poll of 500 retail businesses across the nation. A reading below 100 means that pessimists outnumber optimists.”The decline comes as consumer sentiment has been hurt by high consumer prices and borrowing costs,” the KCCI…
Retailer confidence sinks for Q1 on inflation, other negatives – koreatimes
