Large companies including Samsung and Hyundai Motor Company announced large-scale domestic investment plans.
It is expected that it will be of great help to revive the economy as it will invest 600 trillion won, equivalent to the annual budget of Korea, over the next several years.
Reporter Hoon-Kyung Jang reports.
Samsung announced that it will invest 450 trillion won in future food sectors such as semiconductors, biotechnology and new growth IT over the next five years.
[Lee Jae-yong / Vice Chairman of Samsung Electronics (last 20 days): Semiconductors are the engine of the modern world and are the engine of growth and opportunity for everyone.
Innovation was possible because of your dedication.]
80% of this was domestic investment, and 80,000 new jobs were also promised.
Hyundai Motor Group, which announced a 13 trillion won investment plan in the US, also announced that it would invest 63 trillion won in Korea over the next three years.
It explains that Korean investment is necessary to strengthen global business competitiveness.
[Eui-sun Chung / Chairman of Hyundai Motor Group: We want to strengthen the automotive industry ecosystem, which is in the transition period to the future mobility industry, and contribute to the creation of youth and social jobs.]
Lotte and Hanwha Group also announced large-scale investment or recruitment plans, but four groups The amount of investment announced today (24th) alone amounts to about 600 trillion won.
[Kim Sang-bong / Professor of Economics, Hansung University: Even if macroeconomic variables are uncertain or bad in the future, companies need to invest for the development of high value-added industries.
In the process, there will be opportunities to create jobs.] As
companies poured out their domestic investment plans on the same day as if they had made a promise, some pointed out that the news of investment in the US was intended to appease domestic public opinion.
There is also an interpretation that the new government is offering some kind of gift in line with the new government's principle of private-led growth.
In particular, most of the announcements are more like blueprints rather than concrete plans, so it remains to be seen how much it will lead to actual investment and employment.
(Video coverage: Hwang In-seok, video editing: Choi Eun-jin)Keywords: