S.Korea firms plan to up '04 spending by a quarter

Newswire

SEOUL, March 25 (Reuters) - South Korean companies plan to raise capital investment in 2004 by a quarter from last year, supported by healthy exports and expectations of a recovery in consumer spending, a survey by a state-run bank said on Thursday. Car-related companies, which have contributed a big share of recent double-digit growth in exports in the world's 12th largest economy, planned the largest spending increases, according to a survey by Korea Development Bank. The state-run ...

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