S.Korea's Lotte Group to invest $44 bln over five years

Lotte

23/10/2018 04:10

SEOUL, Oct 23 (Reuters) - South Korean chemicals-to-retail
conglomerate Lotte Group will invest a total of 50 trillion won
($44.05 billion) over the next five years, its holding firm said
on Tuesday.
    The group plans to invest about 12 trillion won in 2019,
partly to expand facilities at chemical plants in South Korea,
Indonesia and the United States, Lotte Corp  004990.KS  said in
a statement.
    The investment plan comes after group chairman Shin Dong-bin
was released from jail this month on a suspended sentence in a
bribery case. At the time, Lotte promised to contribute to South
Korea's economy.  urn:newsml:reuters.com:*:nL4N1WL1TL
($1 = 1,134.9600 won)

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S.Korea's appeals court suspends Lotte Group chief's jail
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 (Reporting by Ju-min Park)
 ((ju-min.park@thomsonreuters.com; +82 2 3704 5650; Reuters
Messaging: ju-min.park.thomsonreuters.com@reuters.net))