Anchor: South Korea’s consumer sentiment has reached a seven-year high. This is attributed to eased tensions in regard to North Korea and better ties between South Korea and China.
Our Park Jong-hong has the details.
 
Report: South Korea's consumer confidence hit a near seven-year high in November.
 
The Bank of Korea(BOK) said this is thanks to reduced risks from North Korea’s nuclear and missile programs as well as tensions subsiding thanks to South Korea-China relations seemingly getting back on track.
 
The BOK conducted a poll on consumer confidence and found that the composite consumer sentiment index(CSI) for November stood at 112-point-three, up three-point-one points from the previous month.
 
A reading above 100 means optimists outnumber pessimists.
 
The BOK surveyed two-thousand-17 households for eight days from November 10th.
 
It found that five of the total six indicators making up the CSI all improved except for household income prospects.
 
That index was at a standstill from last month at 104 which is still above the benchmark 100.
 
Meanwhile, the BOK said its index measuring people's sentiment regarding the current economic conditions came to 98 in November, the highest in seven years.
 
In addition, an index measuring the public's feelings toward economic conditions for the next six months rose from 99 to 108.
Park Jong-hong, KBS World Radio News.