South Korean listed firms' new facility investment soared 85 percent on-year in
2011, backed by their strong earnings a year earlier, data showed
Monday.
The combined capital expenditure by firms listed on the main
bourse and the secondary market reached 29.2 trillion won (US$25.9 billion) last
year, compared with 15.7 trillion won a year earlier, according to the data by
the Korea Exchange.
The bulk of the facility investments, or 27.9
trillion won, came from companies listed on the main stock market, it
showed.
The data is based on 164 regulatory filings made by companies
listed on both bourses, but the exchange failed to disclose the number of
companies.
Big spenders included Hyundai Steel Co., the country's
second-largest steelmaker, followed by flat panel giant LG Display Co. and
leading airline Korean Air Lines Co.
South Korea's listed companies on
the main bourse saw their earnings surge 73 percent on-year in 2010, with a
combined net profit of 55.8 trillion won.
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