S.Korea’s SK broadcasts $195 bln funding for chips, batteries, bio via 2026

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The emblem of SK Innovation is observed in entrance of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji

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SEOUL, Might 26 (Reuters) – SK Crew, South Korea’s second-biggest conglomerate after Samsung Crew, mentioned on Thursday it is going to make investments 247 trillion received ($195.24 billion) within the semiconductor, battery and biopharmaceutical sectors over the following 5 years.

SK Crew, whose associates come with the arena’s second-biggest reminiscence chip maker SK Hynix Inc (000660.KS), mentioned greater than part of the funding will move into semiconductors and fabrics and 179 trillion received might be invested in South Korea to assist revitalise the financial system.

($1 = 1,265.0800 received)

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Reporting through Byungwook Kim; Modifying through Christopher Cushing

Our Requirements: The Thomson Reuters Accept as true with Rules.

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