[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Health services disrupted as mass walkout by trainee doctors approaches deadline
[Today’s K-pop] Karina of aespa is dating actor Lee Jae-wook: report
South Korea’s fertility rate drops to new low
[Chung Chan-seung] The collapse of trust: South Korea's true health care crisis
[Herald Interview] Rival heir to Kim Ju-ae unlikely to appear: unification minister
Russia sending North Korea food in return for arms: Seoul defense chief
Yoon says 2,000 increase in med school quota non-negotiable
Why Cha Eun-woo’s name keeps popping up in politics
Legality issues linger as nurses fill treatment void Tuesday
About half of top 500 firms remain undecided on 2024 investment plans: pollBy Yonhap
Published : Dec. 4, 2023 - 11:30
About half of big firms in South Korea remain undecided on their investment plans for next year, according to a survey released Monday, an indication of how many companies are going through economic uncertainties.
In the survey conducted by polling agency Mono Research on the leading 500 companies in terms of sales from Nov. 16-24, 49.7 percent responded they remain undecided on next year's investment plans.
Also, 5.3 percent of the respondents said they have no investment plans next year.
The poll was commissioned by the Federation of Korean Industries, South Korea's leading business lobby.
Of the firms that confirmed investment plans, 61 percent said next year's investments will remain similar to those in 2023, while 28.8 percent responded that they will increase spending in 2024.
Companies remaining undecided or with plans to reduce investment cited economic uncertainties, a rise in raw material costs and difficulties in financing as key factors.
The surveyed firms cited high interest rates as the top detracting factor in investment for 2024, followed by inflationary pressure, the depreciation of the local currency and the slowdown of the global economy. (Yonhap)
Interior minister renews calls for trainee doctors to return to work
Rival heir to Kim Ju-ae unlikely to appear: unification minister
Main opposition wrestles with exodus over nomination spat