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Microsoft unveils plans to invest US$60 million in South Korea

Microsoft unveils plans to invest US$60 million in South Korea

Microsoft chief Steve Ballmer yesterday unveiled a plan to invest US$60 million in South Korea's software industry as part of the U.S. giant's drive to strengthen its presence in the country.
The plan was disclosed at talks between Ballmer and President Lee Myung-Bak, the president's office said.
The Ministry of Knowledge Economy said Microsoft agreed to train software designers, support venture firms and establish a technology center in South Korea over three years.
Microsoft, which has been hit by a string of costly disputes with industry rivals, is expanding its investment in South Korea and other countries.
Ballmer earlier told Korean businessmen that growth through investment is the key for companies struggling to ride out an economic slowdown.
He said the U.S. software company would not cut back on investment despite an expected slowdown in the global economy.
"We may grow our investment slightly less, but we're not cutting our investment," he told a breakfast meeting in Seoul, according to Yonhap news agency.
Last month Microsoft unveiled its new software Windows Azure, which can store and run user programs and data on a remote server on the Internet. The move came as the firm tries to compete with similar services from search engine Google.
Also yesterday Microsoft and South Korea's Hyundai auto group opened a research center to develop new IT products and services for automotive application. Hyundai said technologies developed at the center would be applied in its cars from the second half of 2010.


Updated : 2021-10-19 13:16 GMT+08:00