Samsung Electronics to Invest KRW495 Billion in Samsung Venture Fund

MT Newswires Live07-30 18:42

Samsung Electronics (KRX:005930) plans to invest in SVIC No. 82, a technology investment fund established by Samsung Venture Investment Corporation, the electronics products maker said.

Samsung Electronics will invest 495 billion won, while Samsung Venture will contribute 5 billion won, bringing the fund's total size to 500 billion won, according to its Thursday filing with the Korean bourse.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment