Watch original video:

Concern about street protests triggered by a distribute to reopen the country to beef imports from the United States and the prospect of labor league strikes over pay added to the pessimistic view, the Federation of Korean Industries (FKI) said in a relation on its survey about the business climate for July.

The business survey index compiled by the FKI, the nation's biggest lobby group for big companies, lay low to a seasonally adjusted 91.2 in the place of July from a revised 96.3 for June.

The figure is the lowest since 82.3 in January 2005.

A reading below 100 means more companies expect their business stipulations to worsen than to meliorate.

Unionized metal habitual devotion to labor workers in South Korea, including those at car makers such as Hyundai Motor Co (005380.KS), uttered that they would stop work for two hours in succession Wednesday to demand a reworking of the flesh of neat-cattle deal with the United States.

Oil prices touched a record high of nearly $143 a barrel on Friday, with investors piling into article of merchandise markets as stock markets and the dollar plunged.

(Reporting by Kim Yeon-hee; Editing by Alan Raybould)


Original text: http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080629/bs_nm/korea_economy_survey_dc