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Samsung Electronics to Invest KRW297 Billion in Venture Fund

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Samsung Electronics (KRX:005930) plans to invest 297 billion won in SVIC No. 83, a technology investment fund established by Samsung Venture Investment, the electronics products maker said in a Thursday filing with the Korean bourse.

Samsung Venture Investment will contribute 3 billion won, bringing the fund's total size to 300 billion won, according to the filing.

Shares of Samsung Electronics fell nearly 1% at market close.

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