INVESTING: South Korean electronics giant Samsung has submitted a plan to invest in a mobile telephone factory in Indonesia, a senior official at the company's Indonesian unit said. — Reuters
JAKARTA/SEOUL: South Korea's Samsung Electronics Co Ltd said on Monday it plans to set up a factory to produce mobile phones mainly for Indonesia, one of the world's fastest growing markets for the devices.
The company, which already has factories in China and Vietnam, declined to disclose the potential size of its investment. Earlier this year, Taiwan's Foxconn Technology Group, a major supplier to Apple Inc, said it was considering setting up a US$1bil (RM3.15bil) manufacturing facility in Indonesia.
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