Samsung Group has announced that it plans to invest $360 billion over the next five years in semiconductors, biopharmaceuticals and other next-generation technologies to enhance its competitiveness.
In a statement, the company promised to add 80,000 jobs by 2026, mostly in semiconductors and biopharmaceuticals, nearly double its previous target of adding 40,000 jobs from 2021 to 2023.
Samsung said it plans to spend about 360 trillion won domestically, while investing the remaining amount abroad, noting that its key units such as Samsung Electronics and Samsung Biologics will lead those investments.
The latest investment plan is more than 30% higher than the 330 trillion won spent over the past five years, she said.
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World News