Conglomerates to invest 37 tril. won in biotech, batteries
IndustrySept 12, 2013
South Korea's top 10 conglomerates will invest 37 trillion won ($34 billion) in biotech industry, electric-vehicle batteries, medical robots and other high-techbusinesses, the country's most powerful business lobby said Thursday.The move came amid the growing interest in these fields that are considered as engines of future growth for many in the local corporate sector. The Federation of Korean Industries, which speaks for the country's large businesses, made the announcement after a regular mee