S.Korean state-owned companies plan to invest $45B to stimulate economy

South Korea's 26 major state-owned companies are planning to invest 66 trillion won ($45 billion) to support the government's efforts to stimulate the economy, according to the country's Ministry of Economy and Finance, Report informs via Yonhap.

According to the ministry, the planned amount is 2.5 billion won more than the previous year.

The money will be used to stabilize the housing market, as well as develop infrastructure and energy.

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