Samsung Outlines Investment Plans in Eco, Healthcare Industries
Samsung announced that the five new growth businesses are expected to create around 45,000 jobs and generate 50 trillion won in annual revenue for affiliate companies by 2020.
The investment plan was agreed on during a Samsung Council of Presidents’ meeting on May 10 attended by Samsung Electronics Chairman Kun-Hee Lee and heads of related affiliates and business units.Attending executives received presentations on market and technology trends in the new business areas and discussed the investment plans.
Key investments outlined during the meeting included:
6 trillion won in development and manufacture of solar cells, initial focusing on crystalline silicon technology and later on thin film.Expected to generate 10 trillion won in annual revenue and employ 10,000 workers by 2020.
5.4 trillion won to be invested in rechargeable cells for hybrid electric vehicles. Business is expected to generate 10.2 trillion won in annual revenue and employ 7,600 by 2020.
8.6 trillion won investment in LED technology for applications including backlit displays, lighting, and car electronics.Samsung LED expects to create 17.8 trillion won in annual revenues and employ 17,000 staff by 2020.
2.1 trillion won to be invested in biopharmaceuticals to explore opportunities in biosimilars market with expiration of long-held industry patents. Collaboration between Samsung Medical Center and related business units expected to generate 1.8 trillion won in annual revenue and employ 710 people by 2020.
1.2 trillion won in development and manufacture of electronic healthcare equipment with an initial focus on external diagnostics tools such as blood testing devices. Expected to create revenue of 10 trillion won annually and employ 9,500 people by 2020.
“Governments around the world are now investing in green industries to address the issues of depleting energy resources and the protection of our planet’s environment, which presentpressing challenges to the global community,” Kun-Hee Lee, Samsung Electronics Chairman, told participants at the meeting.He also encouraged attending executives to remember the fundamental responsibilities of Samsung as a corporate enterprise, saying: “the mission of any business is to contribute to people’s health and quality of life.”
“When other global companies hesitate, we must move ahead decisively to take this opportunity, and this will also benefit the country’s economy,” Mr. Lee said. “Striving to resolve unemployment, we should hire young and highly skilled employees also.”
Attendees at the meeting included Soontaek Kim, Vice Chairman and Head of Samsung’s New Business Development Committee; Geesung Choi, President and CEO of Samsung Electronics; Wonkie Chang, President of the LCD Business, Samsung Electronics; Chihun Choi, President and CEO of Samsung SDI; Jeawook Kim, President and CEO of Samsung LED; Kinam Kim, President of the Samsung Advanced Institute of Technology, Samsung Electronics; Jongchul Rhee, Head of Samsung Medical Center; Sanghoon Lee, President and Head of the Corporate Management Team, Samsung Electronics; and Jay Y. Lee, Executive Vice President and Chief Operating Officer, Samsung Electronics.
삼성전자 개요
삼성전자는 반도체, 통신, 디지털 미디어와 디지털 컨버전스 기술을 보유한 글로벌 리더다. 삼성전자는 디지털 어플라이언스 부문, 디지털 미디어 부문, LCD 부분, 반도체 부문, 통신 네트워크 부문 등 5개 부문으로 이뤄져 있다. 세계에서 가장 빠르게 성장하는 브랜드인 삼성전자는 스마트폰, 디지털 TV, 메모리 반도체, OLED, TFT-LCD 분야에서 세계 선두 주자다.
웹사이트: http://www.samsung.com/sec
연락처
Eunju Hwang
Samsung Electronics
+82-2-2255-8263
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