S. Korea eyes chip alliance with Netherlands
Suneung without 'killer questions' still not easy, results show
US defense policy bill calls for maintaining 28,500 US troops in Korea
Teens' excessive smartphone use linked to mental health risk: study
SK carries out complete reshuffle of top brass
S. Korea, US, Japan to discuss regional security issues: White House
Ruling party reform committee disbands early, says job half done
Ex-justice minister's daughter attends forgery trial in college admissions scandal
Auditor says Moon govt distorted 2020 death of fisheries official
Moon officials tried to cover up North Korea’s murder of South Korean: state inspectors
Conglomerate investments rise 4.6% in H1, led by chipmakersBy Song Su-hyun
Published : Aug. 20, 2021 - 13:51
Including the country’s biggest tech giant Samsung Electronics, the top 332 Korean companies invested a combined 82.8 trillion won ($70.3 billion) in the January-June period, up 4.6 percent from a year earlier, showed figures released by CEO Score.
The investment amount surged 12.6 percent in the first half of 2019 before the world was hit by the COVID-19 pandemic, the market tracker noticed.
The growth in investments was mainly driven by Samsung and SK hynix in the semiconductor industry. The two chipmakers’ investments accounted for nearly 40 percent of the total capital spending by the big companies.
Samsung‘s investment soared 26.7 percent on-year to 25.1 trillion won in the six-month period, which accounted for nearly 30 percent of the total.
On expanding its chip facilities, Samsung spent a total of 20.9 trillion won.
SK hynix’s investment reached 7.5 trillion won in the first half, up 40.5 percent from a year earlier.
Companies in distribution, pharmaceuticals and nine other industrial sectors also increased their investments in the first half from a year earlier.
But petrochemical, auto and state-run companies cut back on their investments.
LG Chem saw its first-half investment tumble 18.1 percent on-year to 2.6 trillion won, while Hyundai Motor curtailed its investment by 13.6 percent to 2.5 trillion won.
4 contentious bills scrapped in revote after Yoon's veto
S. Korea logs current account surplus for 6th month in October
Ex-Democratic Party chair denies bribery, illegal campaign allegations