South Korea’s largest conglomerate Samsung Group said Tuesday that it planned to invest a record 47.8 trillion won (41.7 billion U.S. dollars) this year in a bid to secure new growth engines.
Samsung Group, which controls tech giant Samsung Electronics, planned to invest in facility investment, research and development (R&D) and capital investment, the company said in an e-mailed statement.
The figure was the largest in the company’s history, up 12 percent from the previous record of 42.8 trillion won in 2011.
The company’s facility investment will reach 31 trillion won in 2012, up 11 percent from a year earlier, while R&D investment will expand 13 percent on-year to 13.6 trillion won this year. The remaining 3.2 trillion won will be spent on capital investment.
Meanwhile, Samsung planned to hire a record 26,000 new employees in 2012, up 4 percent from the previous high of 25,000 jobs created in 2011.
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