Hyundai chief says to lift '08 investment by 7 pct


SEOUL, April 28 (Reuters) - Hyundai Motor Group plans to invest a total of 11 trillion won ($11.05 billion) this year, up 7 percent from 2007, Chung Mong-koo, chairman of the top South Korean auto maker, said on Monday. "The combined amount will be used partly to build a steel mill in Tangjin, south of Seoul, and will also be invested in the automobile industry," a statement quoted Chung as saying in a meeting with group companies, presided by South Korean President Lee Myung-bak. Two ...

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