Of the 13.1 trillion won, Samsung Display aims to spend 10 trillion won on facilities and the balance on research and development.
On Thursday, South Korea’s presidential office issued a statement saying, Samsung Display plans on investing $11.0 billion (13.1 trillion won) on facilities and research by 2025.
Samsung Display is a unit of Samsung Electronics Co Ltd and is also an Apple Inc supplier.
The South Korean company aims to spend 10 trillion won on facilities and the rest on research and development of next-generation display technology, said a statement from the Blue House, also known as South Korea’s presidential office.
It further states, South Korean President Moon Jae-in has attended a signing ceremony at Samsung Display’s manufacturing site in Asan.