LG to cut investment, hiring this year
Seoul - Yonhap
LG Corp., the holding company of South Korea's No. 4 conglomerate LG Group, said Friday it plans to reduce its investment and hire fewer workers this year in the face of a growing economic slowdown. LG said it plans to invest a total of 16.4 trillion won (US$14.2 billion) this year, down from a record 19.4 trillion won made last year. But 2012 still marks the third straight year that its investments have hovered over 15 trillion won.
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