SEOUL -- South Korea's SK Group will invest 1.18 trillion won ($991.8 million) in Vietnamese conglomerate Vingroup, SK announced on Thursday.
South Korean conglomerate will become second largest shareholder

SK Group is making a major push into Vietnam in a bid to catch up with rivals Samsung Group and LG Group. © Reuters
SEOUL -- South Korea's SK Group will invest 1.18 trillion won ($991.8 million) in Vietnamese conglomerate Vingroup, SK announced on Thursday.