Foreign direct investment in S.Korea tops 20 bln USD for 5 years

0 Comment(s)Print E-mail Xinhua, January 6, 2020
Adjust font size:

SEOUL, Jan. 6 (Xinhua) -- Foreign direct investment (FDI) in South Korea topped 20 billion U.S. dollars for five straight years through last year, a government report showed Monday.

The reported FDI reached 23.3 billion dollars in 2019, marking the second-biggest yearly amount, according to the Ministry of Trade, Industry and Energy.

It was down 13.3 percent from a record high of 26.9 billion dollars tallied in 2018. The FDI surpassed the 20 billion-dollar mark for five years since 2015.

The ministry said the FDI trend of over 20 billion dollars seemed to have settled firmly given the FDI results for the past five years.

The quarterly FDI tumbled in double figures in the first and second quarters amid the global economic slump, but it rebounded 4.7 percent in the third quarter before surging 27.9 percent in the fourth quarter.

The reported FDI from the United States advanced 16.4 percent to 6.84 billion dollars in 2019, but the FDI from the European Union (EU) contracted 20.1 percent to 7.13 billion dollars.

Direct investment from Japan increased 9.9 percent to 1.43 billion dollars, but the reported FDI from China plunged 64.2 percent to 980 million dollars.

The reported greenfield investment, which brings about factory construction and job creation, dropped 20.5 percent over the year to 15.91 billion dollars in 2019, but the merger and acquisition (M&A) investment gained 7.6 percent to 7.42 billion dollars. Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from