13-Aug-18, Korea JoongAng Daily
Hanwha will earmark KRW22 tn (USD19.5 bn) for new investments and hire 35,000 additional workers over the next five years in the group's largest-ever growth plan.
%20Business%20Korea.jpg "Koreas Hanwha vows to invest USD19 5 bn (c) Business Korea")
Image: Business Korea
The announcement from Korea's eighth-largest chaebol (conglomerate) followed similar plans by business groups including Samsung, Hyundai, SK, LG and Shinsegae. Korea's chaebol have been under pressure from the government to help the economy, which is suffering from the worst youth unemployment rate ever.
The plan is meant to "build the basis for future growth and beef up competitiveness of our core businesses," Hanwha said.