Qualcomm to look for investment in S.Korean firms

SEOUL, April 7 (Reuters) - Qualcomm Inc (QCOM.O), the world's biggest maker of mobile phone chips, will look for South Korean companies to invest in under a government investment promotion programme, South Korea's economy ministry said on Tuesday.

Qualcomm, which developed the CDMA wireless technology that has long been the dominant standard in South Korea, would review small- and medium-sized Korean technology firms for possible investment and alliance deals.

The U.S. wireless technology firm will choose a local partner by October this year, the Ministry of Knowledge Economy said in a statement.

Qualcomm Chief Executive Paul Jacobs is visiting South Korea this week to meet government officials and top domestic technology firms. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)