Logo of Phnom Penh Post newspaper Phnom Penh Post - South Korea conglomerate H1 investments surge 4.6%

South Korea conglomerate H1 investments surge 4.6%

Content image - Phnom Penh Post
Samsung's investment soared 26.7 per cent year-on-year to 25.1 trillion won ($21 billion) in the January-June period. SAMSUNG ELECTRONICS

South Korea conglomerate H1 investments surge 4.6%

South Korea’s large business groups increased their investments by nearly five per cent in the first half of 2021, according to data by a local market researcher on August 20.

Including the country’s biggest tech giant Samsung Electronics, the top 332 Korean companies invested a combined 82.8 trillion won ($70 billion) in the January-June period, up 4.6 per cent from a year earlier, showed figures released by CEO Score.

The investment amount surged 12.6 per cent in the first half of 2019 before the world was hit by the Covid-19 pandemic, the market tracker noted.

The growth in investments was mainly driven by Samsung and SK hynix in the semiconductor industry. The two chipmakers’ investments accounted for nearly 40 per cent of the total capital spending by the big companies.

Samsung’s investment soared 26.7 per cent year-on-year to 25.1 trillion won in the six-month period, which accounted for nearly 30 per cent of the total.

On expanding its chip facilities, Samsung spent a total of 20.9 trillion won.

SK hynix’s investment reached 7.5 trillion won in the first half, up 40.5 per cent from a year earlier.

Companies in distribution, pharmaceuticals and nine other industrial sectors also increased their investments in the first half from a year earlier.

But petrochemical, auto and state-run companies cut back on their investments.

LG Chem saw its first-half investment tumble 18.1 per cent year-on-year to 2.6 trillion won, while Hyundai Motor curtailed its investment by 13.6 per cent to 2.5 trillion won.



  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to

  • Angkor Beer strengthens national pride with golden new look and fresher taste

    Angkor Beer – the "Gold of Angkor" – has a new look, one that is more stylish and carries a premium appeal, as well as a fresher taste and smoother flavour, making it the perfect choice for any gathering. Angkor Beer recently launched its new design, one

  • PM urges end to ‘baseless’ international Ream base accusations

    Prime Minister Hun Sen urges an end to “baseless” foreign accusations surrounding the development of the Kingdom’s Ream Naval Base, as the US has consistently suggested that the base is being expanded to accommodate a Chinese military presence. Hun Sen renewed his calls while

  • Khmer ballet documentary debuts April 1

    A new documentary, The Perfect Motion, or Tep Hattha in Khmer, will premiere to the public on April 1. The documentary film follows two intertwined storylines: the creation of a show called Metamorphosis by the late Princess Norodom Buppha Devi (her very last production) and the

  • Water supply authority assures public shortages over early ‘24

    The Phnom Penh Water Supply Authority (PPWSA) asked for understanding from Phnom Penh residents in some communes where water pressure is weak. They assured residents that all supply issues will be resolved by early 2024, but have suggested that residents use water sparingly in the meantime.