April 19, 2024
Economy
FDI pledges drop 9% in Q1
[THE INVESTOR] New foreign direct investment pledged to South Korea fell 9.2 percent in the first three months of the year, the government said April 4.
Fresh FDI committed to the country in the January-March period came to US$3.85 billion, down from US$4.24 billion a year earlier, according to the Ministry of Trade, Industry and Energy. The amount of new FDI arriving here, however, soared 38.1 percent on-year to US$2.77 billion over the cited period, the ministry said.
New FDI pledges from the US plunged 33.5 percent on-year to US$365 million over the cited period, while FDI commitments from EU countries also dived 50.3 percent on-year to US$876 million.
On the other hand, Chinese investments jumped 35.1 percent on-year to US$1.94 billion and that from Japan more than doubled to US$407 million over the three-month period.
By industry, new FDI pledges in the country’s manufacturing sector sank 23.1 percent on-year to US$971 million, and fresh FDI pledges to the country’s service sector dropped 4.5 percent to US$2.82 billion.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Fresh FDI committed to the country in the January-March period came to US$3.85 billion, down from US$4.24 billion a year earlier, according to the Ministry of Trade, Industry and Energy. The amount of new FDI arriving here, however, soared 38.1 percent on-year to US$2.77 billion over the cited period, the ministry said.
New FDI pledges from the US plunged 33.5 percent on-year to US$365 million over the cited period, while FDI commitments from EU countries also dived 50.3 percent on-year to US$876 million.
On the other hand, Chinese investments jumped 35.1 percent on-year to US$1.94 billion and that from Japan more than doubled to US$407 million over the three-month period.
By industry, new FDI pledges in the country’s manufacturing sector sank 23.1 percent on-year to US$971 million, and fresh FDI pledges to the country’s service sector dropped 4.5 percent to US$2.82 billion.
By Alex Lee and newswires (alexlee@heraldcorp.com)
