SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s large companies increased their investments by more than 7 percent in the first nine months of this year as part of efforts to find future growth engines despite the coronavirus pandemic, a corporate tracker said Wednesday. Combined capital spending by 336 out of the country’s top 500 [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korea’s major chipmakers are expected to cut their DRAM capital spending this year, a report showed Thursday, as they become cautious over market conditions amid the pandemic. Samsung Electronics Co.’s DRAM capital expenditure budget is projected to decline 21 percent to US$4.9 billion this year, according to market [...]
SEOUL, Mar. 18 (Korea Bizwire) — Several South Korean pharmaceutical companies have decided to make new facility investments in a bid to hone their competitiveness, industry sources said Monday. The decisions, made at annual shareholder meetings, are seen as reflecting their efforts to streamline and expand infrastructure for research and development (R&D), as well as [...]
SEOUL, Sept. 11 (Korea Bizwire) — Facility investments by South Korean information and communications technology (ICT) companies grew at the slowest pace in 1 1/2 years in the second quarter amid chipmakers’ weak spending, central bank data showed Tuesday. ICT firms’ investment in new plants and equipment expanded 6.4 percent on-year in the April-June period, [...]