Samsung Group Unveils $205 Billion Expansion Plan

Samsung Group Unveils $205 Billion Expansion Plan

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Business

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Samsung is significantly increasing its investment in R&D, focusing on chip making, bio display, and batteries. The company plans to spend over $200 billion and hire 40,000 people in the next three years. A major portion of the investment will go towards developing memory chip technology and building new biologics plants. Despite these advancements, Samsung faces leadership and legal challenges, particularly concerning Vice Chairman Joe Wylie's parole and ongoing trials. The company's influence on the South Korean economy remains substantial, highlighting the complex relationship between Samsung and politics.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was one of the major expectations from the government regarding Samsung's investment?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Samsung's influence on the economy relate to its leadership's legal issues?

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