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Samsung announces plans to raise $3 billion in investments

Samsung announces plans to raise $3 billion in investments
Photo by Samsung Memory / Unsplash

South Korean company Samsung C&T has announced a $3 billion investment plan, the company intends to limit the payment of dividends from Samsung Electronics Co. and other subsidiaries to raise additional funds for development.
The company expects investments to reach $2.3-3.12 billion over the next three years, or $6.2 billion on a consolidated basis. Samsung plans to invest about $2.3 billion in improving services and digitalizing existing business sectors. The remaining $3.12 billion will be spent on exploring opportunities in green energy, biotechnology and healthcare.

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