Samsung to invest $160 billion, create 40,000 jobs in the next 3 years
- 6 years ago
Samsung Group says.... it's setting aside tens of billions of dollars to support various sectors over the next few years.
The goal is to create new jobs for young people and give a needed boost for future businesses at the heart of the fourth industrial revolution.
Here's our Seo Bo-bin with more.
Samsung Group announced on Wednesday that it plans to invest 1-hundred-60 billion U.S. dollars over the next three years, with 1-hundred-10 billion dollars of that investment to be allocated in Korea.
Twenty-two billion dollars of that investment will be focused on emerging industries, such as AI, fifth-generation networks and bio technologies.
Samsung also said it will directly hire around 40-thousand people over the next three years.
The company usually recruits between 20-thousand and 25-thousand new workers over that period, but plans to employ an additional 20-thousand employees to help create youth jobs and make a smooth transition to the 52-hour work week.
Samsung will also work closely with the Ministry of Small and Medium-sized Enterprises and Startups to invest ninety-eight million dollars over a five-year period to help 2-thousand-500 companies adopt smart factory solutions, which could help create about 15-thousand jobs over the next five years.
Seo Bo-bin, Arirang News.
The goal is to create new jobs for young people and give a needed boost for future businesses at the heart of the fourth industrial revolution.
Here's our Seo Bo-bin with more.
Samsung Group announced on Wednesday that it plans to invest 1-hundred-60 billion U.S. dollars over the next three years, with 1-hundred-10 billion dollars of that investment to be allocated in Korea.
Twenty-two billion dollars of that investment will be focused on emerging industries, such as AI, fifth-generation networks and bio technologies.
Samsung also said it will directly hire around 40-thousand people over the next three years.
The company usually recruits between 20-thousand and 25-thousand new workers over that period, but plans to employ an additional 20-thousand employees to help create youth jobs and make a smooth transition to the 52-hour work week.
Samsung will also work closely with the Ministry of Small and Medium-sized Enterprises and Startups to invest ninety-eight million dollars over a five-year period to help 2-thousand-500 companies adopt smart factory solutions, which could help create about 15-thousand jobs over the next five years.
Seo Bo-bin, Arirang News.