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Overseas Direct Investment More than Doubles in Q1 amid Post-pandemic Recovery

Overseas Direct Investment More than Doubles in Q1 amid Post-pandemic Recovery

SEOUL, June 17 (Korea Bizwire) — South Korea’s overseas direct investment more than doubled on-year in the first quarter of this year amid an economic recovery from the COVID-19 pandemic, the finance ministry said Friday. The value of investments made overseas by South Korean companies reached US$25.4 billion in the January-March period, up from $11.34 [...]

S. Korea Ranks No. 1 in Household Debt-to-GDP Ratio in Q1

S. Korea Ranks No. 1 in Household Debt-to-GDP Ratio in Q1

SEOUL, June 6 (Korea Bizwire) — South Korea had the highest household debt-to-gross domestic product (GDP) ratio among 36 major economies in the first quarter, a global finance report said Monday. The country’s household debt-to-GDP ratio came to 104.3 percent in the January-March period, followed by Lebanon with 97.8 percent, Hong Kong with 95.3 percent, [...]

BOK Expected to Deliver 4 More Rate Hikes by Year’s End amid Inflation Woes: JP Morgan

BOK Expected to Deliver 4 More Rate Hikes by Year’s End amid Inflation Woes: JP Morgan

SEOUL, May 4 (Korea Bizwire) — South Korea’s central bank is expected to hike its key interest rate four more times by year’s end considering its hawkish stance shown in the minutes of its latest rate-setting meeting, global investment bank JP Morgan said Wednesday. On Tuesday, the Bank of Korea (BOK) disclosed the minutes of [...]

Full Recovery of Private Spending in Doubt Despite Lifting of Virus Curbs

Full Recovery of Private Spending in Doubt Despite Lifting of Virus Curbs

SEOUL, April 17 (Korea Bizwire) — South Korea’s plan to lift almost all COVID-19 social distancing rules is expected to help spur private spending, but its recovery may not be robust as growing inflationary pressure could undercut domestic demand, experts said Sunday. Starting Monday, the country will remove all virus restrictions, except the mask mandate, [...]

FDI Pledges to S. Korea Hit 1st-quarter High Despite Global Uncertainties

FDI Pledges to S. Korea Hit 1st-quarter High Despite Global Uncertainties

SEOUL, April 7 (Korea Bizwire) — Foreign direct investment (FDI) pledges to South Korea jumped 14.9 percent in the first quarter from a year earlier to reach the highest first-quarter figure ever, data showed Thursday. The country received US$5.45 billion worth of FDI commitments in the January-March period, compared with $4.74 billion logged a year [...]

S. Korea’s Overseas Direct Investment Hits All-time High in 2021

S. Korea’s Overseas Direct Investment Hits All-time High in 2021

SEOUL, March 23 (Korea Bizwire) — South Korea’s overseas direct investment hit a record high last year as the global economy recovered from the fallout of the COVID-19 pandemic, data showed Wednesday. The value of investments made by South Korean companies reached US$75.87 billion last year, up 32.8 percent from a year earlier, according to [...]

10 Years After KORUS FTA, Bilateral Trade Soars Nearly 70 pct

10 Years After KORUS FTA, Bilateral Trade Soars Nearly 70 pct

SEOUL, March 12 (Korea Bizwire) — Trade volume of goods between South Korea and the United States grew nearly 70 percent, and bilateral investment more than doubled over the past decade since their free trade agreement, Seoul’s industry ministry said Friday. The Korea-U.S. Free Trade Agreement (KORUS FTA) marked its 10th anniversary this month, as [...]

S. Korea’s Overseas Financial Assets Hit All-time High in 2021

S. Korea’s Overseas Financial Assets Hit All-time High in 2021

SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s overseas financial assets reached an all-time high last year on the back of increased stock investments and investment returns, central bank data showed Wednesday. The country’s external financial assets came to $2.16 trillion as of end-December, up $198.2 billion from a year earlier, according to preliminary data [...]