South Korea's SK Group, parent company of oil refiner SK Corp., plans to invest US$7.47 billion (7 trillion won) in 2007. This record investment is 16.7% more than the investments made last year. Of SK's total investment, 3.5 trillion won will be allocated to energy and petrochemical businesses. The capital expenditure portion of the budget, about 6 trillion won, will cover upgrading energy and petrochemical facilities, extending infrastructure for the telecommunications sector and expanding exploration and production activities.
11-Jan-07 
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