Samsung to lift investment by 18% in 2011

Samsung

Samsung Group will boost investment by virtually one-fifth to a pick up amount this time, seeking to build another businesses and to extend its prime in knowledge sectors such as demonstrate screens, South Korea's chief organization set thought on Wednesday.

Samsung, whose meat units include Samsung Electronics and Samsung Heavy Industries, thought in a statement it would invest a pick up 43.1 trillion won ($38.3 billion) this time, up 18 apiece cent from carry on time.

The investment diagram underlines the group's aspiration to "strengthen opportunity growth engines by increasing investment in another businesses while strengthening dominance in major businesses in the total markets," Samsung thought in statement.

The set has virtually 70 organ companies in sectors in place of production of chips to ships and mobile phones and its twelve-monthly sales of more than 220 trillion won is equivalent to selected one-fifth of the country's twelve-monthly gross domestic artifact.

Samsung Electronics is the world's top maker of remembrance chips, plane screens and flat-screen TVs, and the world's flash chief maker of mobile phones. Samsung Heavy is the world's third-largest shipbuilder.

The organic light-emitting diode (OLED) sector will find out the fastest achieve in twelve-monthly investment to 5.4 trillion won from 1.4 trillion carry on time, while the damage sector will find out investment falling somewhat to 10.3 trillion won from 12 trillion won.

The next-generation OLED screens harvest brittle images not including backlighting, making them slimmer and more energy-efficient than liquid crystal displays (LCDs).