SK Group to make $1bn push into Vietnam with Vingroup investment

South Korean conglomerate will become second largest shareholder

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SK Group is making a major push into Vietnam in a bid to catch up with rivals Samsung Group and LG Group. © Reuters

KENICHI YAMADA, Nikkei staff writer

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

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