Industry
Samsung to set up foundation amid 'creative economy' push
May 13, 2013
Samsung Group, South Korea's No. 1 conglomerate, said Monday it plans to to establish a foundation to bolster the country's growth engine in line with the government's push to cultivate economic development.The Samsung Research Foundation, slated to open in June, will support research and development in basic science, materials engineering, and information and communication technology, the company said.The group will inject 1.5 trillion won ($1.34 billion) by 2022, starting with 300 billion won