Published : 2010-03-29 23:23
Updated : 2010-03-29 23:23
Korea`s largest conglomerate Samsung Group said Friday that domestic and overseas investments for this year will reach 26.5 trillion won ($23.61 billion), with the lion`s share going to its flagship unit Samsung Electronics Co., according to Yonhap News.
According to a preliminary investment plan, Samsung Electronics will spend 18.4 trillion won on domestic and overseas investments this year, said a Samsung Group official.
"Samsung Group will invest 26.5 trillion won and Samsung Electronics will spend 18.4 trillion won," the official, who declined to be identified, said by phone. "But this is not a final plan. Details of the investment plan will be confirmed later in March."
Earlier in the day, Lee Soo-bin, chairman of Samsung Life Insurance Co. and also the de facto representative of the group, said that Samsung Group will spend about 26 trillion won this year.