Despite Europe's sovereign-debt crisis that is dragging the global markets into a slowdown along with dragging down the benchmark Kospi index of stocks. , yet the consumer confidence in South Korea increased reaching its highest level in six months.

Sentiment index rose to the level of 103 in November compared with the recorded level of 100 during October.

On the other hand the unemployment rate fell reaching its lowest three-year record at 3.1% in October as a result for the growing employment level in service industries among retailers and wholesalers.

Finally, Korean statistics data showed that on November 9 Kospi index fell to 2.4% , as weakness grew in economic data from U.S. and China, which fueled concerns amid the fading of the global growth.