Samsung to Invest $7 Billion in South Korean Eco-Town

Electronics company Samsung has made a $7.04 billion commitment to the government to construct a massive eco-friendly  production facility in South Korea. The reclaimed production wetland area of Saemangeum has been awarded to Samsung by the South Korean Government for the development of the facility. The green town will boast a wind-power generator, solar battery house, research headquarters and 20,000 employee homes.

Last year, Samsung announced that it would invest 23 trillion Korean Won (just over $21 million USD) over the course of the next 10 years toward social programs like healthcare as well as green energy. The new eco-production facility is just a fraction of the plan.

The government supported 125 mile wetland area should be transformed into the proposed green town by 2021.

By Lori Zimmer

Via Inhabitat