UPDATE 2-Samsung Group raises 2004 investment to $16.37 bln

Newswire

(Adds fund manager quote, details, updates shares) By Jean Yoon SEOUL, May 27 (Reuters) - Samsung Group, South Korea's biggest conglomerate, raised its investment target for the year by 11 percent on Thursday as part of an agreement by big businesses to support the economy through higher spending. Fund managers said the investment plan was politically motivated and questioned whether Samsung would spend all the money announced. The heads of the country's top 15 business groups met ...

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