As of May 2023, the business survey index (BSI) among 600 leading companies in South Korea stood at 92.7 points. Since February 2022, the BSI points have remained below 100 points, indicating the underperformance of South Korean companies during the period.
In April 2020, the BSI index once dropped to 58.8 points during the first wave of COVID-19 infections after which it started to recover. The coronavirus (COVID-19) adversely affected the South Korean economy, which, however, quickly recovered as early as 2021.
Monthly business survey index (BSI) among 600 leading companies in South Korea from March 2019 to May 2023
600 non-financial businesses based on sales revenue
Supplementary notes
Business Survey Index (BSI) is a business indicator indexed by observing companies' judgments, forecasts, and plans for economic trends. By using a three-point scale of positive, normal, and negative, the formula is based on the difference between the number of positive and negative respondents.
BSI = ((Number of positive respondents- number of negative respondents)/total respondents)*100)+100
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The Federation of Korean Industries. (May 23, 2023). Monthly business survey index (BSI) among 600 leading companies in South Korea from March 2019 to May 2023 [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1103124/south-korea-monthly-business-survey-index/
The Federation of Korean Industries. "Monthly business survey index (BSI) among 600 leading companies in South Korea from March 2019 to May 2023." Chart. May 23, 2023. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1103124/south-korea-monthly-business-survey-index/
The Federation of Korean Industries. (2023). Monthly business survey index (BSI) among 600 leading companies in South Korea from March 2019 to May 2023. Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1103124/south-korea-monthly-business-survey-index/
The Federation of Korean Industries. "Monthly Business Survey Index (Bsi) among 600 Leading Companies in South Korea from March 2019 to May 2023." Statista, Statista Inc., 23 May 2023, https://www.statista.com/statistics/1103124/south-korea-monthly-business-survey-index/
The Federation of Korean Industries, Monthly business survey index (BSI) among 600 leading companies in South Korea from March 2019 to May 2023 Statista, https://www.statista.com/statistics/1103124/south-korea-monthly-business-survey-index/ (last visited November 20, 2024)
Monthly business survey index (BSI) among 600 leading companies in South Korea from March 2019 to May 2023 [Graph], The Federation of Korean Industries, May 23, 2023. [Online]. Available: https://www.statista.com/statistics/1103124/south-korea-monthly-business-survey-index/
