Swedish-based telecom network maker Ericsson has announced it will be investing $1.5 billion over the next five-years in South Korea to build a research center to create fourth-generation network equipment.

Under the plan, Ericsson will employee a total of 1,000 people at its South Korean-based unit, up from just under 100 current employees.

Ericsson CEO Carl-Henric Svanberg announced the plan today during a meeting in Sweden with South Korean President Lee Myung-Bak.

The new 4G wireless technologies will be sold around the world to telecoms.

PepsiCo has just announced a massive $1 billion dollar Russian investment over a three-year time frame.

The new $1 billion investment brings Pepsi’s total investment in Russia to $4 billion, according to a statement released by Pepsi today.

Pepsi CEO Indra Nooyi said today, “This investment reflects very clearly our great confidence in Russia and our long-term commitment to this very important market,”

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China’s sovereign wealth fund announced today it would invest $1.5 billion CND in Teck Resources Corp., a leading Canadian minor. The Chinese Class B investment will amount to a 17.2 percent stake in the minor, and give the Chinese 6.7 percent in voting power. The deal will be finalized by July 14, 2009. No other information was released regarding the Beijing investment.

Queen’s Park has just announced am ambitious $9 billion plan to expand the Greater Toronto Area transit system. The Toronto Transit Commission (TTC) has already been drafting euro-style rail lines for years now.

The money will be used to build a new 33km light rail system moving across Eglinton Avenue from the Kennedy subway station in the city’s east end all the way to Pearson International Airport that is scheduled for completion by 2013. Read the full story