Business sentiment in South Korea improved to its highest level in more than a year in November, boosted by a semiconductor industry boom.

The Bank of Korea’s(BOK) Business Survey and Economic Sentiment Index for November 2025, released Wednesday, showed that the Composite Business Sentiment Index(CBSI) for all industries rose one-point-five points from a month earlier to 92-point-one.

After falling by one point in October, the index rebounded to its highest level in 13 months, reaching a mark not seen since October of last year, before the martial law declaration.

A BOK official said the rise was driven by improved sentiment in the manufacturing sector, particularly semiconductors, while other industries benefited from recovering consumer demand, led by wholesale and retail.

The BSI for manufacturers climbed zero-point-three points from the previous month to 92-point-seven in November, rebounding for the first time in two months.

The index for non-manufacturing industries, which includes restaurants, wholesalers and retailers, increased two-point-three points to 91-point-eight.