Samsung Electronics’ Vice Chairman Lee Jae-yong
has vowed to keep up robust investments in key
businesses as South Korea’s leading company
weathers slowing demand and the impact of
trade clashes between Washington and Beijing.
In a weekend meeting with top Samsung
executives, Lee called for “unwavering focus on
long-term, fundamental leadership in technology”
and reaffirmed plans to invest 133 trillion won
($112 billion) to strengthen the company’s
presence in the non-memory chip market.
Samsung also last year announced a three-year
plan to invest 180 trillion won ($152 billion)
to strengthen its memory chip segment and
other key sectors and hire 40,000 more people
in the process.