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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World S.Korean top firms more upbeat for July - survey Reuters - Sunday, June 27 Send IM Story Print SEOUL, June 27 - Confidence among big South Korean companies for the coming month rose for a second consecutive month since hitting a 10-month low, a top business lobby group said on Sunday, underpinning sustained growth in the economy. The Federation of Korean Industries said the improved confidence was attributed to a relatively cheap won <KRW=> against the dollar, which bodes well for exports, and hopes for growing private consumption on the back of a rise in employment. The federation, in a statement, said its business survey index rose to a seasonally adjusted 108.6 for July from a revised 104.2 for June and 103.4 for May, when the index hit its lowest point in 10 months. The index stayed above 100 for the 13th consecutive month. A reading above 100 means the number of companies expecting their overall business performance to improve in the coming month outnumbered those predicting a decline. On Thursday, the government sharply lifted its economic growth views and said the economic policy would gradually return to pre-crisis settings in a pre-emptive move to contain inflation pressures. [ID:nTOE65N03N] (Reporting by Suh Kyung-min, editing by Yoo Choonsik and Ron Popeski) Recommend Send IM Story Print Related Articles RPT-India's Reliance Comm, GTL Infra sign $11 bln deal Reuters - 48 minutes ago China firms shoot for the big leagues at World Cup AFP - 1 hour 4 minutes ago Saudi not to buy European sovereign debt-paper Reuters - 1 hour 10 minutes ago Reliance Comm, GTL Infra near tower deal-sources Reuters - 1 hour 14 minutes ago CORRECTED-Japan PM sticks to modest election goal after polls Reuters - 1 hour 37 minutes ago News Search Top Stories Europe in firing line as G20 leaders meet US, Britain both want 'strong and stable' BP Storm Alex veers away from Gulf oil spill Goldman ordered to pay hedge fund creditors Belgian church mulling legal action after paedophilia raids More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Fans gather for Michael Jackson death anniversary Amputee cat gets bionic legs US, Britain both want 'strong and stable' BP Study indicates life was possible all over Mars Belgian church mulling legal action after paedophilia raids More Most Viewed » Aussie men shoot each other in buttocks 'to see if it hurts' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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