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LG Group to boost investment

  • South Korea's LG Group announced on Monday it would increase investment in order to lift its market share.

    The firm said it would invest $19 billion in various subsidiaries, including LG Electronics, over the course of the year.

    The investment will be used to improve production facilities and fund research and development of products.

    In recent years, LG has faced growing competition from rivals like Samsung.

    According to some sources, the $19 billion figure is the highest-ever announced by the group.

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