Samsung offers partners R&D funds

Samsung Group said on Thursday that it would offer 770.7 billion won ($682.3 million) as research and development funds to its partner firms this year at its event held to promote fair trade and mutual growth.

At the event organized at Samsung’s office in southern Seoul, 11 Samsung affiliates signed a treaty with 3,270 primary suppliers, while they also signed treaties with 1,269 secondary suppliers, according to company officials.
It was attended by representatives from the Fair Trade Commission, Commission on Shared Growth for Large and Small Companies, Korea Chamber of Commerce and Industry, Federation of Korean Industries and the Korea Federation of Small Businesses as well as its 11 affiliates.

For full article see Korea Herald.