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BIG S KOREAN COS MAY EXPAND INVESTMENT ON DEREGULATION: SURVEY.
SEOUL, April 1 Asia Pulse - Nearly three-quarters of South Korea's largest companies said Tuesday they would consider expanding local investment if the government of President Lee Myung-bak eases anti-trust rules on family-run business conglomerates.
A survey conducted by the Federation of Korean Industries, the nation's largest business lobby, showed that 72.1 per cent of the 294 companies surveyed plan to increase their capital spending or make new investments if the government softens rules that restrict their investment and borrowing.
The survey reflected "high expectations over the government's pledge to make a business-friendly environment," said the federation, which represents the interest of the nation's conglomerates, or chaebol.
Lee, who took office in late February as the nation's first president from a corporate background, is counting on a pickup in corporate investment to achieve its goal of achieving higher economic growth ...
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Source: HighBeam Research, BIG S KOREAN COS MAY EXPAND INVESTMENT ON DEREGULATION: SURVEY.