Samsung Group to invest 26.5 tln won this year

SEOUL, Jan. 15 (Yonhap) -- South Korea's largest conglomerate Samsung Group said
Friday that domestic and overseas investments for this year will reach 26.5
trillion won (US$23.61 billion), with the lion's share going to its flagship unit
Samsung Electronics Co.

"Samsung Group as a whole plans to invest about 26.5 trillion won and will hire
about 19,000 employees," Lee Soo-bin, chairman of Samsung Life Insurance Co. and
also a de facto representative of the group, said at a meeting of members from
the local business community in Seoul.
Lee added that the size "may increase depending on the economic situation."
He said that "about 60 to 70 percent" of the investment will be allocated to
Samsung Electronics, the world's largest maker of memory chips and flat-panel
TVs.
ylee@yna.co.kr
(END)