Sunday, December 4, 2022

Korean Businesses Change Tune On Pre-Election Promises

Before the district elections in May, or around there, big corporations pledged to invest billions of dollars into Korea to create jobs and growth in order to support the conservative party candidates and it worked again. Seems to be a time-honored tradition.

But only Samsung has announced plans to invest billions in new semiconductor plants. 

The rest?

Nearly half of big firms have yet to set up 2023 investment plans: poll

The article said, "Of the companies that have established 2023 plans, 67.3 percent said their 2023 investments will be similar to this year's levels. Nearly 14 percent replied they will increase investments next year, while 19.2 percent answered they will cut back on their investments".