Samsung promised in a statement to create 80,000 jobs through 2026, mostly in semiconductors and biopharmaceuticals.
The Samsung group plans to raise spending by more than 30 per cent to 450 trillion won (about $360 billion) over the half-decade to 2026 to shore up businesses from chips to drugs as South Korea’s conglomerates grapple with growing economic and supply shocks.
The conglomerate — whose units from Samsung Electronics Co to Samsung Biologics Co dominate Korea’s economy — promised in a statement to create 80,000 jobs through 2026, mostly in semiconductors and biopharmaceuticals.
Samsung, run by the scion of one of Korea’s oldest and wealthiest families, is one of a handful of so-called chaebol that are outlining investment plans as the country’s new president takes office. President Yoon Suk Yeol, who began his five-year term May 10, has been a vocal supporter of the conglomerates and has made them a key pillar in his economic growth plans…
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