FDI Into South Korea Rose 19.3% In Q-1
FDI (foreign direct investment) into South Korea posted a double-digit growth in the first quarter of this year due to investment demand from the EU and China, a government report showed Monday.
A total of US$ 4.24-B was reported as FDI into the Asia’s #4 economy during the January-March frame, + 19.3% from the same period of last year, according to the Ministry of Trade, Industry and Energy.
Europe’s investment surged 405.8% from a year earlier to US$1.76-B in Q-1 as European companies increased investment into services sector.
Chinese companies invested money in manufacturing industry at US$380-M in Q-1, + 603.8% from a year earlier.
US investment sank 56.2% to US$550-M due to weaker demand for investment into services sector.
Investment from Japan dove 44.4% to US$160-M.
FDI into South Korea’s manufacturing industry rose 226.1% from a year ago to US$1.26-B, while those for services sector inched down 0.6% to US$2.95-B.
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Paul Ebeling
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