South Korea's 59 major business groups increased spending in the first quarter of the year by 22 percent to reach 21.78 trillion won from 17.84 trillion won a year earlier.
The data was based on the expenditures of 373 companies affiliated with the business groups.
The increased spending is seen as a preparation to secure competitiveness after the coronavirus pandemic.
Their combined sales of the 373 companies increased 7.1 percent on-year to reach 356.69 trillion won while operating income dipped 39.1 percent to 14.88 trillion won from the previous year.
Samsung Group spent 7 trillion won in the first quarter, almost double the 3.73 trillion won it spent a year before.
Its flagship, Samsung Electronics Co., pushed up spending from 3.07 trillion won last year to 6.47 trillion won.
In contrast, SK Group's investment fell to 3.87 trillion won from 4.29 trillion won.


Coty Revenue Beats Estimates as Beauty Demand Holds Firm
U.S. Public Debt Tops $40 Trillion for First Time
Oil Prices Climb as US-Iran Hormuz Tensions Rattle Markets
Asian Currencies Steady as Dollar Weakens After Treasury Bond Buybacks
Trump Eyes 15% Tariff on Canadian Auto Imports in New Trade Deal
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback
US Dollar Hits Three-Month Low as Treasury Yields Fall
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
UK Wage Growth Holds at 3.5% as Unemployment Rises
OpenAI Tightens AI Safety Monitoring After Security Incidents
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion
Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Wall Street Gains as Treasury Yields Fall, Fed Minutes Signal Inflation Risks
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars
Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes 



