Korea Plans to Raise Outbound Investment by US$15 Bln Annually

SEJONG, June 29 (Korea Bizwire) — South Korea aims to increase its outbound investment by US$15 billion annually through an overhaul of tax schemes and more overseas investment by the state pension fund that can help offset some of the fallout from the country’s ballooning current account surplus, the government said Monday. The bold measures [...]