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Corporate investment up in 2015 driven by top 3 groups: data

All News 09:17 April 06, 2016

SEOUL, April 6 (Yonhap) -- Investment by South Korea's 30 major business groups grew about 18 percent on-year in 2015, led mostly by Samsung and the other two top conglomerates, industry data showed Wednesday.

According to the data by CEO Score, a market research company, a total of 261 subsidiaries of the country's 30 largest business groups invested a combined 76.03 trillion won (US$65.8 billion) in 2015, up 17.9 percent from the previous year's 64.48 trillion won.

The figures did not include spending on research and development.

The country's top three conglomerates -- Samsung, Hyundai Motor and SK -- led the overall corporate spending growth last year.

Their combined investment last year stood at 49.48 trillion won, which accounted for 65.1 percent of the total. The ratio was up from the previous year's 56.3 percent, the data showed.

By group, Samsung came first by investing 20.11 trillion won, followed by Hyundai Motor with 17.81 trillion won and SK with 11.56 trillion won. They were the only three business groups whose annual investments exceeded 10 trillion won, according to the data.


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