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To: Sully- who wrote (74319)	9/18/2002 10:16:53 PM
From: Ron	Respond to of 208838

SEOUL -- South Korea's Samsung Group (Q.SSN) plans to increase capital expenditures in its electronics-affiliated businesses by about 10% to 20% next year, a group spokesman said Thursday. "We expect an increase of about 10% to 20% from KRW5 trillion planned for 2002," said the spokesman who declined to be named. Samsung Group's chief affiliate, Samsung Electronics Co. (Q.SSE) - one of the world's largest chip makers - has said it plans to spend KRW4.88 trillion won ($1=KRW1,252.1) in capital expenditures this year with nearly all of the investment allocated for upgrading chip technology. Samsung Group's other electronics affiliates include Samsung SDI Co. (Q.SDD) - a maker of cathode ray tubes - and Samsung Electro-Mechanics Co. (Q.SEM), which provides electronics components. The spokesman's statement comes after local South Korean newspapers reported in their Thursday editions that Samsung Electronics plans to increase its capital expenditures in 2003 to KRW6 trillion. On Wednesday, Samsung Group projected that the global semiconductor market would grow 10.7% annually through 2010 and said it will focus on expanding and developing its affiliated companies' businesses in memory chips and thin film transistor liquid color displays, or TFT-LCDs.