German multinational engineering group, Siemens (FWB: SIE) has signed a memorandum of understanding with the South Korean Ministry of Energy to invest an undisclosed amount in the country’s power generation future.

Minister Yoon Sang-Jick said, “If the planned investment is made, it will mark a mutually beneficial cooperation that will create many quality jobs here while offering Siemens a chance to develop along with the growth of Asia’s energy industry.”

Yoon Sang-jick
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