SEOUL, May 15 (Yonhap) -- Samsung Group, South Korea's top family-owned conglomerate, said Wednesday that it plans to spend 170 billion won (US$153 million) in training software engineers and nurturing the related industry over the next five years.
The group also said it plans to hire over 2,000 software engineers every year through 2017, up almost 30 percent from an average seen in the past few years.
"The plans will help grow the local software industry, and is in line with the government's push for a creative economy," said an official at the group.
Early this year, as part of efforts to strengthen its software clout, Samsung announced a new policy designed to hire liberal arts majors and train them as software engineers.
Last week, Samsung said it plans to inject 1.5 trillion won by 2022 to support research and development in basic science, materials engineering, and information and communication technology.
The project apparently is in line with President Park Geun-hye's "creative economy" vision that calls for using information technology as a main tool for economic growth.
- Korean gov't, exporters on alert against yen's slump
- Pullout of S. Korean personnel from Kaesong severs all inter-Korean ties
- (News Focus) Yen's sharp drop sounds alarm over Seoul's exports
- Most S. Koreans support Park's economic democracy drive: poll
- N.K. threats have little impact on S. Korean financial market
- S. Korean investors' woes deepen over shutdown of Kaesong complex
- Massive recall feared to hurt image of Hyundai, Kia
- Experts say S. Korea's measures likely to boost home transactions
- S. Korea goes all-out to boost economy
- CEO shake-up in store for S. Korean financial sector
- Samsung set to cement smartphone lead with Galaxy S4
- KORUS FTA presents opportunity, crisis for S. Korean farms
- FTA with U.S. helps S. Korea muddle through economic slump
- Absence of economic democratization raises questions on Park's commitment
- Chinese tourists emerge as big spenders in S. Korea
- Korea's housing market mired in slump amid global pickup
- S. Korean firms bracing for weaker yen
- Raising money top priority for incoming government
- Park to boost smaller firms for S. Korea's economic revival
- S. Korean consumer firms set to bask in China's economic recovery
- Korean economy feared to slip into low growth
- Korea seen to tighten macro-prudential steps amid won's gain
- (News Focus) Samsung to face challenges over looming leadership change
- Lee wraps up last overseas trip with focus on economic projects
- Real challenges ahead for China's new leadership
- China's power shift both boon and risk to S. Korean economy
- Experts sound alarm bells for S. Korea's high household debt
- Presidential candidates double down on chaebol reform
- Next year's budget focused on boosting economy
- S. Korea's credit ratings return to pre-crisis levels
- Political parties pledge 'economic democratization'