Samsung to put $1 billion into North Korea

Move reflects previous Hyundai pledge

North Korea is to get a substantial boost from South Korea after Samsung said it will build semiconductor fabs and other manufacturing plants in the country. According to local newspaper the Korea Herald, Samsung will invest over $1 billion in the North Korean economy over the next ten years. The move is partly the result of increased contacts between the two countries, but it is probably linked to investments that its rival Hyundai has already pledged it will make. ®

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