Arab Today, arab today lg to cut investment hiring this year
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

LG to cut investment, hiring this year

Arab Today, arab today

Arab Today, arab today 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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