360 Billion Dollar Investment Decision from South Korean Giant Samsung

South Korea-based technology company Samsung stated that they will invest a total of 360 billion dollars until 2026, most of which will be in the technology sector.

Samsung Electronics stated that they aim to increase their investments by 30 percent to 450 trillion won (360 billion dollars) in the next four years in order to support their growing economic and supply processes. Samsung Pledges to Create 80,000 Jobs by 2026 The outline of the investment plans of the tech giant, which belongs to one of South Korea's wealthy families, became clear when the country's new president took over the administration. South Korean President Yoon Suk Yeol, whose five-year term began on May 10, has openly supported giant family companies and made them one of the main pillars of his economic growth plans. Back-to-back Investment Decisions from South Korean Companies In addition to Samsung, Hyundai, one of the largest automotive manufacturers in South Korea, said that they plan to invest 63 trillion won by 2025, including in areas such as electric vehicles, aerospace technologies, hydrogen-powered vehicles and the robotics industry. Retail and chemistry giant Lotte Group also announced that it will invest 37 trillion in areas such as hotels, duty-free shopping areas, hydrogen power generation facilities and electric vehicles in order to support the country's economy. Park Ju-gun, head of the Leaders Index Research Institute, said, "This is a classic way for Korean companies to try to make themselves look welcoming to the new president. Investors need to check whether the promised investment amounts are actually being mobilized.”