58065
S. Korean Firms Told to Boost Investment
World Economy

S. Korean Firms Told to Boost Investment

South Korea’s acting president Hwang Kyo-Ahn asked the country’s businesses to aggressively boost investment and innovation to create jobs and lead an economic recovery amid uncertainties inside and outside the country, Yonhap reported. “The government feels much regret at having burdened you all and not having provided more support and encouragement,” Hwang said in a New Year’s address, speaking in the stead of President Park Geun-Hye. Park has been impeached by parliament for an influence-peddling scandal and stripped of her powers as she awaits for the Constitutional Court to decide on whether they will uphold the vote. “I earnestly ask all businesses, who play a big role in our economy that investment and innovation be boosted boldly once more so that you will be able to play the lead part in job creation and economic recovery,” Hwang said. As the Trump era officially began on Friday, dealing with US-led trade protectionism and economic uncertainties is becoming the main focus of the South Korean economy.

 

Short URL : https://goo.gl/SKs6r2
  1. https://goo.gl/5nkEpR
  • https://goo.gl/omjyCP
  • https://goo.gl/jrQcHl
  • https://goo.gl/5i2cYC
  • https://goo.gl/OdYcqz

You can also read ...

An expanding trade war threatens to squeeze incomes.
The untold story of the world economy—so far at least—is the...
PwC Says Australian Firms Deliberately Going Broke
Companies that deliberately fail are costing the Australian...
Asian Stocks Retreat, European Shares Mixed
Asian stocks closed lower on Monday as investors digested the...
Uncertainty abounds in Malaysia, where a two-month-old government is only starting to give  a clearer picture of economic policy.
For Southeast Asia's biggest economies, 2018 wasn't supposed...
Chinese Premier Li Keqiang (C) shakes hands with Jean-Claude Juncker (L) and Donald Tusk after the meeting in Beijing on Monday.
China could open its economy if it wished, European Commission...
Experts Say China Can Cope With Uncertain H2
China is confident it can cope with a more uncertain second...
Turkey Budget Deficit Expands
Turkey’s central government budget balance recorded a deficit...
Russia has been seeking ways of decreasing dependence  on the US currency.
One of Russia’s largest banks, VTB is seeking to decrease the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus