Samsung Electronics, the world’s top maker of computer memory chips and LCD screens, said on Tuesday that it would invest $20.6 billion in new green energy technology and biotech over the next ten years.
The group, which generates around one fifth of South Korea’s total exports, forecasts the new growth businesses would create to be more than $40 billion in revenue every year for the companies including its flagship firm Samsung Electronics before 2020.
(READ the report in Reuters)