With KRW130 trillion ($116 billion) of that figure to be spent in South Korea, Samsung plans to create another 40,000 jobs in the next three years - 20,000 more than under previous recruitment plans.
Along with the direct employment of Samsung, its investment in South Korea was forecast to help induce around 700,000 jobs in related industries and businesses, the statement noted.
Samsung will pour $22 billion into emerging technologies such as artificial intelligence and 5G as it searches for new products to power growth. AI seems to be the main concern.
In AI, Samsung plans to significantly expand its research capability, increasing the number of advanced AI researchers to 1,000 across its global AI Centers.
"Today's announcement follows many months of deliberations and review by the management and board of directors of different Samsung companies that will make the investments, including Samsung Electronics", said the company.
As for the bio business, Samsung claimed that it wishes to foster the segment to become another major pillar of its portfolio like semiconductors.
The announcement came two days after South Korean Finance Minister Kim Dong-yeon met the group's de-facto head Lee, calling for Samsung to create new jobs and boost the economy. Those areas are seen as Samsung's new growth engines. The platform will benefit 500 projects - 300 external candidates and 200 inside the company - in the next five years to encourage innovations and entrepreneurship.
Last week, Samsung Electronics posted its slowest quarterly profit growth in more than a year following a slowdown in the global smartphone market.
After being freed from prison early this year, the Samsung heir returned to the management but maintained a low profile mostly staying overseas for business meetings.
Investors greeted Wednesday's news with cautious optimism, with Samsung Electronics' shares rising 0.21 per cent to close at 46,800 won.
We change the third goalkeeper for Lee [Grant] because Joel [Pereira] is such a good young goalkeeper that he needs to play. Read the full interview with Alexis in Friday's edition of United Review, available to buy at Old Trafford .
Trump, Vice President Mike Pence, and House Speaker Paul Ryan (R., Wis.) have all traveled to the district in support of Mr. In Michigan, three mainstream Democrats in suburban Detroit were among those vying for a chance at retiring Republican Rep.
A document surfaced earlier this summer, which showed their judge ordered Jolie to give Pitt more time with their six children. Angelina Jolie is reportedly accusing Brad Pitt of avoiding his child support payments based on their informal arrangement.
However, the European champions reportedly had a late change of heart so the 23-year-old stayed, signing a new contract in Bilbao. It was not easy to leave everything I have worked for so many years, the exertion nd the experiences.
An indictment from a grand jury also charges Collins's son, Cameron Collins, and Stephen Zarsky, the father of his fiancee. Lawyers for Collins released a statement expressing confidence he would be "completely vindicated and exonerated".
The United States will begin collecting 25 percent tariffs on another $16 billion in Chinese goods on August 23, the U.S. Trade Representative's office said on Tuesday as it published a final tariff list targeting 279 imported product lines .
Air traffic controllers and pilots could be heard discussing a "ground stop" and dealing with a backlog of aircraft. The Horizon airplane was followed by two F15 jets which attempted to escort the stolen aircraft back to Sea-Tac.
Both countries placed tariffs on $34 billion in imports earlier this month, and they have threatened much larger tariffs to come. In addition, Libya reopened some of the closed oil ports, which raised the market expectations of the growth of oil supplies.
Riyadh accuses Ottawa of meddling Riyadh accused Ottawa on Tuesday of interfering in its internal affairs. Strangely, in spite of all this, Saudi Arabia and the United States are still strategic allies .
Firefighters Injured Battling Blaze in Cleveland National Forest
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College hoops coach threw punch killing NYC tourist
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Fosu-Mensah leaves Manchester United for Fulham
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England v India: Rain delays start of second Test at Lord's
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Melania Trump’s Parents Just Became United States Citizens
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Barcelona Are Offering These Two Players For Paul Pogba
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Indra Nooyi to Step Down as PepsiCos CEO After 12 Years
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