Stock Market News
Samsung to invest $500 million in Mexico, foreign minister says
2022.07.05 05:40
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FILE PHOTO: The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji
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(Reuters) – Samsung Electronics (OTC:SSNLF) will invest $500 million in Mexico in order to increase production of home appliances in the country, Mexican Foreign Minister Marcelo Ebrard said on Monday.
On Twitter (NYSE:TWTR), Ebrard said the investment will be in the northern border city of Tijuana and Queretaro in central Mexico. He said he had met with the company’s Chief Executive, Han Jong-Hee.
