Articles Posted on July 12th, 2009

  • Ericsson to invest US$1.5B in South Korea

    Ericsson to invest US$1.5B in South Korea

    Ericcson, the global ICT group based in Sweden will invest a total of US$1.5 billion to Korea for the joint development in green technology area for the next five years. Hans Vestberg, the chairman of Ericcson revealed this plan to President Lee Myung-bak who is currently on state visit to Sweden on Sunday, July 12. Vestberg, in his meeting with President Lee explained that his company will open a R&D Center in Korea for joint research with local companies, using Korea as the test-bed in fields of green technology and 4th generation IT technology.