South Korea's Samsung Electronics Co. is considering investing a record 30 trillion won ($25.58 billion) next year to boost its existing business and expand its new business.
Choi Gee-sung, Samsung's chief executive, told reporters at the International Franchise Association (IFA) Consumer Electronics Show in Germany last Friday that it is difficult to set a clear plan for the upcoming 2011, but the company It is considering investing around 30 trillion won.
Samsung Electronics’ investment target this year is 26 trillion won.
Cui Zhicheng also said that Samsung Electronics may consider M&A transactions in biotechnology and healthcare to enhance the company's existing business in these areas.
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