Samsung to invest in green future

By Kevin Kim
BBC News, Seoul

Samsung says it wants to develop energy-efficient products

The giant South Korean company Samsung Electronics has said it will invest more than $4bn (£2.4bn) to cut emissions from its plants.

The company also said it wants to develop more energy-efficient products.

It said it hoped that by the year 2013, the greenhouse gas emissions from its manufacturing facilities will be reduced by 50%.

It also wants to develop its range of more energy-efficient products, such as new refrigerators and air conditioners.

The company's green initiative follows the South Korean government's plan to pursue an environmentally friendly agenda.

South Korea is the world's tenth biggest producer of greenhouse gases and has vowed to spend $84 bn over the next five years on improving energy efficiency and reducing pollution.

Analysts believe that combined efforts between the public and private sectors would help boost economic growth as well as reducing greenhouse gases.