Samsung’s investment plan comes as new South Korean President Moon Jae-in calls on local businesses to create more jobs and help reinvigorate the economy. (Representative image) Samsung’s investment plan comes as new South Korean President Moon Jae-in calls on local businesses to create more jobs and help reinvigorate the economy. It will invest 6 trillion won in a new semiconductor production line in Hwaseong, but did not elaborate on timing or product. Samsung said its South Korea investment could create up to 440,000 jobs through 2021 and will help boost the economy. Samsung on Tuesday also said unit Samsung Display plans to invest around 1 trillion won on a new organic light-emitting diode display complex in South Korea.

Source: Indian Express July 04, 2017 02:48 UTC