Listed corporations are required by law to announce plans for significant investments, such as large acquisitions.
None of the listed corporations of the Korean conglomerates that pledged to invest vast amounts in the next years have filed such plans to date.
Wonder if they will file? Should be soon, if they really plan to spend money this year or even the first half of next year.
(CORRECTED - the pledges include past amounts that were pledged, I read. So, some of the investments have already been announced. It depends on the economy. If the economy is good, they will likely keep a majority of their pledges, if the economy is not so good, then no way).
Get paid to know these things. Is it a miracle? In many ways.
Think Korean conglomerates are cheering for a conservative win in the local elections next week because of comprehensive property taxes. The family owners, executives, corporations, acolytes, and relatives, own most of the real estate in Korea.
The conservatives want to lower or eliminate comprehensive property taxes, but the progressive/liberal party holds a majority in the parliament, so the law is unlikely to be changed.
Almost all media only publish blatantly pro-Yoon, pro-conservative party articles ALL the time and call the opposition criminals and such. Yet, the conservatives are losing in many districts, over 50%. Hope the recent historical trend is maintained. hehe.
The progressive party holds over 50% of the seats in the parliament. Faint light of hope!
Real insights into Korean society, not BS from conservative media.
Absentee voting starts today.
