Samsung Sets Up Mutual Dev't Fund to Help Contractors

Samsung Electronics has established a US$836 million 'mutual development' fund to help South Korean contractors avail of low-interest loans for research and development, says an AFP report published by The Straits Times.

 

The move is a response to president Lee Myung-Bak's call for a 'fair society.' The South Korean leader has urged big companies to share profits with smaller firms.

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