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"It will continue to invest heavily in the businesses, including developing and manufacturing biosimilars to combat chronic and difficult-to-cure diseases".

Samsung projects that the investment will lead to the creation of 40,000 jobs over the three years.

Samsung said in a statement that it will invest 25 trillion won (22 billion USA dollars) in promising business areas of artificial intelligence (AI), 5G, automotive electronics components and biopharmaceuticals over the next three years.

The injection of money will be made over the coming three years and will be part of an overall $161 billion investment plan.

England v India: second Test, day two
Joe Root's men, meanwhile, will hope to break England's winless jinx against Asian teams at the home of cricket. And welcome to coverage of day two of the second Test at Lord's after Thursday's dreich and frustrating ordeal.

Chung said reformist President Moon Jae-in's campaign to clip the wings of the country's powerful family-run conglomerates, known as chaebols, appeared to be losing steam in the face of stonewalling business groups which are "wielding prospects for investment as their weapons".

The 130 trillion won investment in the nation is expected to have an effect of creating 700-thousand jobs.

Samsung, which earlier acquired USA automotive electronics firm Harman International Industries Inc., has been making various progress in this field.

Its C-Lab in-house incubator will back 500 projects, 300 external and 200 internal, to help foster new kinds of solutions and businesses. The centres will train 10,000 students and job candidates, and provide employment consulting services for the next five years.

Here's How The Bachelorette Is Handling Garrett's Social Media Scandal
Holding Kufrin's hands, Horstmann was practically speechless at first, saying that he didn't expect this kind of response. Going into his proposal, Horstmann said that to have his relationship taken away from Kufrin would absolutely break him.

Total sales for April-June fell 4.1 per cent year-on-year to 58.48 trillion won, with revenues for the company's mobile division plunging 22 per cent in the same period. Its de facto leader Lee Jae-yong was convicted of corruption past year, but released from prison in February.

South Korea's leading business said the latest plan to revitalize the economy and create jobs will be aimed at contributing to the national economy through cooperation among Samsung, small firms and young people.

Samsung said most of the new investments will be injected in its key businesses such as semiconductors and displays in order to develop value-added premium products and further widen gaps with runner-ups, especially those of China.

Saudi Arabia’s state airline will suspend its Canadian operations
Saudi Arabia says it will withdraw all of its students studying in Canada in an intensifying feud between the two countries . Samar is a vocal campaigner for her brother Raif Badawi, a blogger who was arrested in Saudi Arabia in 2012.


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