SEOUL, March 24 Asia Pulse - A total of 20 companies listed on South Korea's main stock market will invest a combined 6.42 trillion won (US$5.54 billion) in facilities this year, a 166.9 per cent upswing from 2003, according to the Korea Stock Exchange (KSE) Wednesday.
The number of companies pledging facilities investments also grew by 5.3 per cent from last year, the KSE said.
Samsung Electronics Co. (KSE:005930), the world's biggest memory chip maker, revealed an investment plan of 4.84 trillion won, the largest sum among them and up 283.9 per cent from last year.
Samsung plans to spend most of the money to build memory chip and liquid crystal display (LCD) screen production lines, including 255.2 billion won earmarked for installing more memory chip lines at its Hwaseong plant.
SK Telecom Co. (KSE:017670), the nation's No. 1 mobile carrier, will invest 371.9 billion won, most of which will go toward facilities for mobile telecommunications and wireless Internet.
The next largest facilities investment plan came from steelmaker POSCO (KSE:005490), which will spend 326.7 billion won, followed by oil refiner SK Corp. (221.1 billion won), Hankook Tire Co. (181.9 billion won) and Samsung Electro-Mechanics (162.5 billion won).
(Yonhap) 24-03 1216
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