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 ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...

Add new comment

Read our comment policy before posting your viewpoints