Samsung Group to invest $38.3billion in 2011
Samsung Group plans to increase its investment by nearly one fifth to a record amount this year. In a bid to build new businesses and to expand its presence in technology sectors such as display screens, the South Korean company is investing 43.1trillion won ($38.3billion), up 18 percent from last year.
The group has nearly 70 member companies in sectors for production of chips and mobile phones and its annual sales of 220trillion won is equivalent to around one fifth of the country's annual gross domestic product.
The organic light emitting diode (oled) sector will see the fastest gain in annual investment to 5.4trillion won from 1.4trillion last year, while the chip sector will see investment falling slightly to 10.3trillion won from 12trillion won.
Samsung Electronics is the world's leading manufacturer of memory chips, flat screens and flat screen tvs.
