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According to Yonhap News,
According to a survey titled "Manufacturers' Facility Investment Trend in 2012 and Its 2013 Outlook," released by Busan Chamber of Commerce and Industry, 38.6 percent of Busan-based manufacturers will expand their facility investment this year.
Other 38.6 percent are also reported to maintain their investment at the current level, while only 22.8 percent said they would decrease investment.
The decrease is considered modest considering this year's uncertain economic condition home and abroad.
By sector, chemical and rubber manufacturers rank first in the gain in facility investment by 51.7 percent of them demonstrating their plan to increase investment. Metal processing sector, machinery, electricity and electronics, textile and shoes and automobile metal follow with 47.6 percent, 42.3 percent, 40 percent and 38.1 percent and 36 percent, respectively.
The strongest investment from the chemical and rubber sector seems attributable to the gradual increase in new orders of equipment used in plants.
On the other hand, automobile industry-related companies showed the lowest growth rate in facility investment due to sales of automobiles forecast to remain sluggish this year, caused by the protracted global economy and dampening domestic consumption.
Asked why they decided to increase facility investment, 44.3 percent of them mentioned their aggressive investment plan to respond to growing demands home and abroad. Others cited their plan to expand or move their factory, replace outdated facilities, develop new products and technology, improve working environments and make inroads into new sectors.