By Jungmin Hong| July 12 (Bloomberg) — Ericsson AB, the world’s largest maker of wireless networks, plans to invest $1.5 billion in South Korea over the next five years.
By Jungmin Hong| July 12 (Bloomberg) — Ericsson AB, the world’s largest maker of wireless networks, plans to invest $1.5 billion in South Korea over the next five years.
The company will set up a research center in the Asian nation to develop environmentally friendly and so-called fourth- generation wireless technologies, Chief Executive Officer Carl- Henric Svanberg said in a meeting in Stockholm with South Korean President Lee Myung Bak, according to an e-mailed statement today from the presidential Blue House.