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Korea's leading business groups have begun revising their business plans for this year, due to the impact of the terrorist attacks on the United States. These management targets, set early this year, need to be realigned as they foresee a sea change in the conversion and global money rates, and prices of raw materials on major international markets.
Samsung group said it began reevaluating its business plan, believing that the target figures for the group's operations this year will be inevitably revised.
Officials at LG group said its subsidiaries have intensified moves on belt-tightening operations and, also, have been working out emergency operational plans to cope with likely chaos in the global financial industry and spiraling raw material prices.
Hyundai Motor, the largest automaker in the country, has been much concerned about the possibility of shrinking car demand in the United States. The US is the largest export country for Hyundai Motor. One official at the firm said that the firm has been reevaluating global sales plans for the second half of this year and first half of next year.
(Cho Joong-shik, jscho@chosun.com )
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