SEOUL, March 28 (Korea Bizwire) — Nearly half of manufacturing firms in South Korea plan to make more facility investment in 2018 than last year amid modest signs of economic recovery, a survey showed Wednesday.
According to the poll on 269 companies conducted by the Bank of Korea (BOK), 44.6 percent of the respondents said they have plans to expand facility investment compared with the previous year.
Some 30.8 percent said they will reduce investment, while 24.5 percent said they have the same investment plans as last year.
Information technology and machinery equipment businesses have the most positive plans thanks to a worldwide boom in the semiconductor market, followed by shipbuilding and autos.
“The survey showed that overall corporate facility investment will remain favorable this year,” the central bank said.