Korean listed firms unwilling to spend amid uncertainties
South Korean listed firms’ cash-generating capability is expected to increase sharply this year, but they are likely to remain wary of spending big on facility expansion amid high economic uncertainty due to the protracted eurozone debt crisis, data showed Sunday.According to financial service provider FnGuide, combined free cash flow of 183 listed firms is estimated at 8.37 trillion won ($7.54 billion) for the year, compared with last year’s negative free cash flow of 23.65 trillion won.Free Read more [...]