Company 73% New government policy is expected. ” Korean statue

Domestic companies expressed high expectations for the new government's economic policy, which emphasizes the market and private sector. In recent years, many companies suffer from “triangular”, such as high prices, high repayments, and supply chains, and the importance of the new government's economic policy is becoming more important.

The Korea Chamber of Commerce and Industry (Chairman Choi Tae -won) surveyed 322 domestic companies and found that 72.7%of respondents said they expect 'new government economic policy' as a result of 'new government economic policy and recent economic situation'..

As a result of the selection reasons for the expected companies and unexpected companies, the expected factors were 'policy stance on the market and private focus (47.9%)' and 'willingness to reform regulatory reform' (35.3%). Concerns were the main factors of political issues (65.9%) and foreign risks such as supply chain (14.8%).

■ Economic policy keywords that companies want 'fair, innovation and growth', and success requirements are 'investment and infrastructure support' and 'regulatory innovation'

Companies cited ▲ process (52.5%), innovation (51.9%) and growth (50.9%) as keywords that should be reflected in economic policy promotion. Next were the future (39.1%), market (33.9%), and communication (31.7%).

The success requirements of the new government's economic policy cited 'investment and infrastructure support' and 'regulatory reform'.

When asked about important factors for the successful promotion of economic policy, most companies said that 'investment and infrastructure support for the future (96.3%)' and 'induction of corporate innovation through regulatory reforms' (90.4%) are important. Labor -management conflict adjustments (86.8%) and “establishing a public -private cooperation system (82.2%)” followed.

■ Price 77.3%appeals → Due to rising production costs 58.6%

The survey also asked about the damage of the “triangular” and the company's response to the price of prices, exchange rates, and supply chains. In recent years, 77.3%of respondents answered that they are being damaged, and they were investigated as the biggest management risk.

The damages received by companies were mainly based on 'deterioration of profitability due to rising production costs (58.6%)' and 'decrease in product and service demand (45.4%)'. In response to the high price situation, companies have made measures to raise product prices (39.8%) or reduce marketing and promotion costs (35.7%).

28.5%of companies said that they reduce their business or restructure, and 21.3%of companies that have no response means. 8.8%of the production temporary dates. (Multiple responses)

■ Exchange rate 51.6%appeals → Increased manufacturing cost 68.7%

51.6%of companies have suffered damage due to the recent surge in exchange rates. The damage was the most common companies cited the increase in manufacturing costs due to the increase in imported raw material prices, and only 17.5%said that the exports increased due to increased price competitiveness. (Multiple responses)

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Exchange rate, such as exchange rate, vary by company size. 59.3%of companies said that manufacturing costs increased due to the exchange rate, while 73.8%of small and medium -sized companies responded to the same questions. The respondents said that the exports increased due to the increase in price competitiveness, while 27.1%of large companies were less than half, with 12.2%of small and medium -sized companies.

■ 52.5%of the supply chain complaints → Production disruption due to lack of raw materials and parts 69.2%

52.5%of companies that have been damaged by supply chain infarction. The damage was the most common companies that suffered from production disruption (69.2%) due to lack of raw materials and parts. Responding to the disruption of the supply chain included 'supply chain diversification (50.3%)' and 'securing inventory through pioneering (41.4%)' and responding that 'converted production and sales activities into Korea (19.5%)' (19.5%).


■ The new government's top priority to overcome the economic situation, “Recovery of Growth Engine, 37.9%),“ Price Stability (35.4%) ”

In order to overcome the economic situation of Samjae, the new government should solve the first task of the new government. Priority differed by company size. Large companies chose the most of the growth engines, while SMEs and mid -sized companies had the highest price stability. Many companies felt that large and medium -sized companies felt more urgent for mid- to long -term growth, while small and medium -sized companies were more urgent.

Kim Hyun -soo, head of the Korea Economic Policy Division, said, “Our economy has to play a marathon that needs to be raised in the mid- to long -term, such as price, exchange rate, and supply chain. I hope to establish a customized support system for each crisis factor, minimize the future uncertainty, and take the lead in relieving the regulation of catching the company's ankles. ”

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