The Zhitong Finance App learned that consumer confidence in South Korea rose for the third month in a row in July. The boom in the chip industry driven by artificial intelligence (AI) and expectations of strong wage growth offset public concerns about high inflation and the recent correction in the stock market. The Bank of Korea announced on Tuesday that the composite consumer confidence index rose slightly to 106.8 in July, the highest level since March. The index is well above the neutral threshold of 100, indicating overall optimism among households.

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