As major business conglomerates are unveiling large-scale investment and hiring plans, the total amount of investments by Korea’s top-30 conglomerates this year has surged by more than 20 percent from last year.
According to a survey by CEO Score, the top-30 conglomerates invested a combined total of 45.7 trillion won (40.4 billion U.S. dollars) during the first half of this year, up 24.2 percent from a year earlier. In particular, Korea’s two major semiconductor makers —Samsung Electronics Co. and SK Hynix — increased investments significantly amid strong sales. Samsung was the largest investor, with nearly 14.2 trillion won (12.6 billion dollars), followed by SK Hynix with 8.6 trillion won (7.6 billion dollars), LG Display with 3.5 trillion won (3.1 billion dollars), Hyundai Motor Co. with 1.5 trillion won (1.3 billion dollars) and LG Chem with 1.4 trillion won (1.3 billion dollars).
By conglomerate, Samsung Group led others with over 15.43 trillion won (13.6 billion dollars), followed by the SK Group with 10.2 trillion won (9 billion dollars) and the LG Group with 7.43 trillion won (6.5 billion won). CEO Score said that Samsung, SK and LG led corporate investments during the first half of this year, with their increase in investments accounting for 99.9 percent of the total increase in investments by all of the top-30 conglomerates.
Ji-Hyun Kim firstname.lastname@example.org