South Korea's FDI reached record-high of US$ 23.04 bil.
- 5 years ago
Foreign direct investment in South Korea topped 20-billion U.S. dollars for the fourth consecutive year in 2018... thanks to easing geopolitical risks on the Korean Peninsula and a boom in the country's semiconductor and petrochemical sectors.
Kim Ji-yeon reports.
The amount of foreign direct investment reached a record-high of more than 23-billion U.S. dollars so far this year... according to data by the Ministry of Trade, Industry and Energy released on Wednesday.
The lion's share of FDI came from the European Union, which rose by more than 24-percent from last year to seven-point-one-billion dollars.
The second highest contributor was the U.S.,... which soared 37-percent on-year to 5-point-one-billion dollars... while investments from China saw the biggest percentage increase,... jumping up by a staggering 252-percent on-year to 2-point-6-billion dollars.
By sector, those related to the manufacturing sector including machinery and equipment as well as those related to telecommunications increased steadily.
The ministry pointed to a number of factors that have contributed to the rising level of FDI.
It cited diffused tensions in the Korean Peninsula through increased inter-Korean cooperation and North Korea-U.S. dialogue.
It also pointed to Korea's high credit ratings... as well as a boom in Korea's core industries related to semiconductors, displays and the petrochemical sector.
The ministry says investments related to the Fourth Industrial Revolution including those in the biotech, mobile finance and digital contents have also expanded.
Kim Ji-yeon, Arirang News.
Kim Ji-yeon reports.
The amount of foreign direct investment reached a record-high of more than 23-billion U.S. dollars so far this year... according to data by the Ministry of Trade, Industry and Energy released on Wednesday.
The lion's share of FDI came from the European Union, which rose by more than 24-percent from last year to seven-point-one-billion dollars.
The second highest contributor was the U.S.,... which soared 37-percent on-year to 5-point-one-billion dollars... while investments from China saw the biggest percentage increase,... jumping up by a staggering 252-percent on-year to 2-point-6-billion dollars.
By sector, those related to the manufacturing sector including machinery and equipment as well as those related to telecommunications increased steadily.
The ministry pointed to a number of factors that have contributed to the rising level of FDI.
It cited diffused tensions in the Korean Peninsula through increased inter-Korean cooperation and North Korea-U.S. dialogue.
It also pointed to Korea's high credit ratings... as well as a boom in Korea's core industries related to semiconductors, displays and the petrochemical sector.
The ministry says investments related to the Fourth Industrial Revolution including those in the biotech, mobile finance and digital contents have also expanded.
Kim Ji-yeon, Arirang News.