| Samsung to set up global R&D center in China |
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| Friday,August 19,2005 Posted: 10:39 BJT(0239 GMT) Xinhuanet |
BEIJING, Aug. 18 (Xinhuanet) -- Samsung Co. Ltd. of the Republic of Korea has announced that it aims to build in China its global research and development (R&D) center.
A senior Samsung official made the remarks here at a just concluded meeting on Samsung's R&D strategy in China.
Samsung has so far set up four research institutions in Beijing, Suzhou, Nanjing and Shanghai, employing over 2,000 staff.
By the end of 2004, Samsung had invested a total of 4 billion US dollars in China. Its business turnover in China stood at 24 billion US dollars in 2004, accounting for 22 percent of Samsung's total overseas businesses.
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