August 25, 2021

Samsung Plans To Invest $ 206 Billion By 2023

 Samsung Group plans to make an investment of $ 206 billion (240 trillion won) over the next 3 years to expand its market impact.

Samsung Electronics Co Ltd said among the targets to be achieved were in the fields of biopharmaceuticals, artificial intelligence, semiconductors and robotics.

Judging by the statement issued, this investment until 2023 will assist the group in strengthening its global position in key industries such as chip manufacturing.

While diving drinking water, the group also wants to find growth opportunities in new fields such as robotics and telecommunications in the next generation.

Samsung Electronis explained that the group plans to further strengthen its level of technology and market leadership through mergers and acquisitions.

The group also decided to increase investment to help maintain technology leadership especially in times of emergency situations within or outside the country.

This investment strategy plan is a higher percentage that covers around 30% compared to the strategy launched by Samsung in 2018.

According to South Korea’s Fair Trade Commission, so far Samsung Group has had 59 affiliates with an asset value of 457 trillion won.

The investment plan was also made more than a week after Samsung Group leader Jay Y Lee was released from prison following a corruption scandal.