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Chip Stocks Oust EVs as Top Bets for Korea Fund With 50% Return

(Bloomberg) A South Korean fund whose bets on stocks tied to electric vehicles helped it outperform most of its peers with a 50% return so far this year has turned bearish on the sector and is buying semiconductor-related shares instead.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyDollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plug on Ukraine Grain Export DealRussia De

Korean display firms to invest $48 74 bil by 2027 to reclaim global top spot

Samsung Display, LG Display and other Korean display companies will make a combined investment of over 65 trillion won ($48.74 billion) by 2027 to secure innovative technologies and reclaim the world s No. 1 position, the industry ministry said Thursday.

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