SK Group Plans to Invest Record 10.5 Trillion Won This Year

SK Group, South Korea’s third- largest industrial group, will increase spending this year by 31 percent to a record and increase hiring by 25 percent.

Investment will increase to 10.5 trillion won ($9.4 billion) from 8 trillion won in 2010, the group said in an e- mailed statement today. SK will spend 1.7 trillion won on developing overseas natural resources including crude oil.

To contact the reporter on this story: Shinhye Kang in Seoul at

To contact the editor responsible for this story: Amit Prakash at

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.