In 2010, Samsung Investment Company USD22, 7 Billion

Monday, May 18, 2010 - 6:00 pm

Reporting SEOUL - South Korean electronics company, Samsung Electronics will invest this year amounted to 26 trillion won, or equivalent to USD22, 7 billion. to meet global demand and strengthen market dominance.

Of the total investment, 18 trillion won will be used for new facilities, such as 11 trillion won to build a semiconductor factory and five trillion won for the production of LCD panels. While approximately 8 trillion won for research and development.

Despite the global economic condition is still unclear, but Samsung remained optimistic that could stimulate economic growth. "If we invest aggressively in expanding facilities and the hiring of employees, then this state is also an opportunity for Samsung to take part in stimulating growth in the future and stimulate the economy," said a Director of Samsung, which is 'Lee Kun-hee', as quoted from the 'AFP', Monday 17 May 2010.

Samsung Electronics is a manufacturer of ready-memory chips and flat-screen television in the world, and became the second largest mobile phone maker after the Finnish manufacturer, namely Nokia.

He says, will increase investment in memory chip production from the initially planned 5.5 trillion won into nine trillion won. He expected, demand for LCD TV panels to increase starting next year.

He said the company will build new production lines at a cost of 2.5 trillion Won. Lee also said it would hire new staff on 2010 10 000 this. (Otofinanceinfo)