SEOUL, KOREA- Samsung Group will make investment of up to 55 trillion won by the year's end. This is 7 trillion won more than last year's and 9 trillion won more than planned for the year. SK Group, meanwhile, will create about 8,000 new jobs, up 3 percent more than originally scheduled early in the year.
In a forum for presidents of the nation's top-30 business groups with Minister of Trade, Industry, and Energy Yoon Sang-jick joining it, attendees presented their companies' investment plans and how the plans have panned out thus far.
Samsung Electronics' Lee Sang-hoon, a president in charge of business support, said, "Samsung Group was going to invest 46 trillion won this year but later revised the plan upward to 53 trillion won. It will be increased to 55 trillion won by the end of the year." "We are moving up the investment expenditure earmarked for next year in the area of semiconductors showing signs of supply shortage. Including the OLED area, the volume of investment in plants and equipment amounts to 35 trillion won," he added.
POSCO will also raise its investment spending for the year. POSCO president Park Ki-hong said, "Of the year's investment budget of 8.5 trillion won, we have spent 6.7 trillion won, or 76 percent, by the end of the third quarter. Our end-of-the-year investment spending would be around 8.9 trillion won."
SK Global Chemical, meanwhile, took a different tack focusing more on employment than investment sum. SK Global Chemical president Cha Hwa-yeop said, "This year SK Group had set a goal of hiring 7,700 new people but it is likely the jobs number would be 2-3 percent higher than the goal at the end of the year.
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