SoftBank Group to Invest .5 Billion in South Korea Technology Sector

By Dane Lorica, | October 09, 2016 SoftBank plans to invest in South Korea’s technology sector. Japanese telecommunications and Internet company SoftBank Group has announced its plan to invest $4.5 billion in South Korea’s technology sector. A spokesperson for SoftBank revealed that the company’s founder and CEO Masayoshi Son told South Korean President Park Geun-hye that he intends to invest in smart robots, artificial intelligence and “Internet of Things.” He added that the investment would cover approximately 30 years of technological advancement. Like Us on Facebook Son is said to have also discussed the “Internet of Things” and South Korea’s semiconductor industry with the Samsung’s vice chairman Lee Jae-yong. This is not the first time the Japanese conglomerate would fund projects in South Korea. In 2015,  SoftBank made its largest internet…


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