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Samsung Set to Invest 700 Billion Won in India

Samsung Set to Invest 700 Billion Won in India

SEOUL, June 5 (Korea Bizwire) – Samsung Electronics Co. is set to make 700 billion won (US$623 million) worth of investment in India to expand the production of smartphones in the large South Asian country, industry sources said Sunday. According to governmental and industry sources in India, Samsung is planning to expand its existing 120,000-square-meter production line in Noida, Uttar Pradesh, in the northern part of the country, to 240,000 square meters. If the expansion is completed, the factory will [...]

Corporate Rankings Changed for Nearly Half of Top 30 Business Groups Since 2000

Corporate Rankings Changed for Nearly Half of Top 30 Business Groups Since 2000

SEOUL, May 31 (Korea Bizwire) – Nearly half of the top 30 conglomerates in the country in 2000 either fell out of the rankings or have been dissolved, with only Samsung Group firmly entrenched in the No. 1 position, an analysis showed Wednesday. Corporate tracker CEO Score compared the top 30 business groups of 2000 and those in 2016 in terms of state-appraised assets. Over the [...]