Conglomerates to boost investments, hire more workers

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Conglomerates to boost investments, hire more workers

In a bid to join the Lee Myung-bak government’s efforts to create jobs and boost investment for national competitiveness, major local conglomerates are expected to hire more employees and increase investments this year, according to the Federation of Korean Industries, yesterday.

Korea’s top 30 conglomerates, including the Samsung Group and LG Group, plan to invest a total of 87.15 trillion won in facilities and research and development this year, up 16.3 percent from last year’s 74.8 trillion won ($66.6 million), the nation’s leading business lobby group said.

The volume of investment by local conglomerates decreased 8.6 percent last year compared with the previous year due to the global financial crisis.

The conglomerates also aim to expand recruitment by 8.7 percent on-year from 72,863 employees in 2009 to 79,199.

The plans were announced at a meeting the federation hosted yesterday in central Seoul that President Lee attended.

“Today, large conglomerates showed their will to aggressively spend and recruit,” Lee told the conglomerate heads, including those from Samsung, Hyundai-Kia Automotive, SK, LG, Posco, and Lotte.

The president then urged businesses to consider investing more in overseas markets in particular .

“This year will be very important for Korea as it could be a turning point for the country to start being recognized as a developed nation,” said Cho Suck-rai, the federation’s chairman.

“In order to use labor resources as efficiently as developed nations, we must create more than 3 million jobs in Korea,” he said.

Both the government and businesses should brainstorm on ideas on how to do so, he said.

“We should also create an environment in which companies can hire and fire their employees freely and be subject to global standards when it comes to taxes or regulations on labor,” he added.

On the sidelines of the meeting, the nation’s largest conglomerate, Samsung Group, said its domestic and overseas investments for this year will reach 26.5 trillion won. It will also recruit 19,000 employees, up 12 percent from last year.

The LG Group plans to create spots for 10,000 new employees, which is a 4 percent increase on-year.

It will invest a record high of 15 trillion won, a 28 percent increase over last year.

The SK Group will raise spending by 7 trillion won and hire around 2,000 employees.


By Lee Eun-joo [angie@joongang.co.kr]

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작년보다 16.3% 늘린 87조원, 신규 채용도 8만 명으로 확대


삼성, 현대·기아차, LG 등 30대 그룹이 올해 87조150억원을 투자하기로 했다. 지난해보다 16.3% 늘어난 사상 최대 규모다. 또 지난해보다 8.7% 많은 7만9199명을 채용키로 했다. 30대 그룹 회장들은 15일 서울 대한상공회의소에서 이명박 대통령과 간담회를 갖고 이 같은 내용의 올해 투자·고용 계획을 발표했다.

그룹별로는 삼성이 30대 그룹 투자액의 30%에 해당하는 26조5000억원가량을 투자하고 1만9000여 명을 신규 채용할 계획이다. 현대·기아차는 그룹 출범 이후 최대 규모인 10조5000억원을 투자하고 6000여 명을 새로 뽑기로 했다. LG는 15조원 투자에 1만 명 채용을, SK는 7조원 이상 투자에 2000명 안팎의 채용을 계획 중이다.

30대 그룹 대부분이 올해 사업을 적극적으로 확장할 예정이어서 투자와 고용 규모는 더 늘어날 수 있다.
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