SEOUL, July 21 (Korea Bizwire) — Foreign direct investment (FDI) pledged to South Korea’s free economic zones (FEZs) more than doubled in the first half of this year to hit a three-year high amid post-pandemic economic recovery, data showed Thursday. The country’s nine FEZs received US$560 million worth of FDI commitment during the January-June period, [...]
SEOUL, July 15 (Korea Bizwire) – Foreign direct investment (FDI) pledges to South Korea fell 15.6 percent in the first half of this year from a year earlier amid global uncertainties caused by the prolonged crisis surrounding Ukraine and surging inflation, the industry ministry said Friday. The country received US$11.09 billion worth of FDI commitments [...]
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 [...]
SEOUL, Jan. 10 (Korea Bizwire) — Foreign direct investment (FDI) pledges made to South Korea surged 42.3 percent in 2021 from a year earlier to reach an all-time high, data showed Monday. Foreigners pledged to invest US$29.51 billion in South Korea in 2021, compared with $20.7 billion a year earlier, according to the data by [...]
SEOUL, Jan. 4 (Korea Bizwire) — Foreign direct investment pledged to South Korea’s free economic zones (FEZs) surged 42.8 percent in 2021, led by the overseas investment in bio and other new industry sectors, data showed Tuesday. The country’s nine FEZs received US$1.31 billion worth of FDI commitment last year, up from $910 million a [...]
SEOUL, Nov. 2 (Korea Bizwire) — Foreign direct investment (FDI) pledged to the country has surged more than 5,000 times in 60 years, which helped play a key pillar of now Asia’s fourth-largest economy, the industry ministry said Tuesday. In 1962, a local carmaker reported receiving US$3 million in foreign investment, the first of its [...]
SEOUL, March 10 (Korea Bizwire) — Seoul attracted a record US$10.2 billion in foreign direct investment last year despite the economic toll of the coronavirus pandemic, the city government said Wednesday. Last year was also the second consecutive year FDI in the capital city topped $10 billion, continuing an upward trend since 2017, according to [...]
SEOUL, Jan. 6 (Korea Bizwire) — New foreign direct investment (FDI) pledged to South Korea fell 13.3 percent on-year in 2019, data showed Monday, in the face of the escalating trade dispute between the United States and China. South Korea received US$23.3 billion worth of FDI commitments last year, compared with $26.9 billion in 2018, [...]
SEOUL, Dec. 9 (Korea Bizwire) — New foreign direct investment (FDI) pledged to South Korea has surpassed US$20 billion this year, thanks to rising interest in the nation’s materials, parts and equipment industries, government data showed Monday. South Korea received $20.3 billion worth of FDI commitments as of Dec. 2, according to the data released [...]
INCHEON, Jul. 15 (Korea Bizwire) — Foreign direct investment (FDI) in the Incheon Free Economic Zone (IFEZ) over the first two quarters this year has dropped to less than half of the value recorded last year. The IFEZ Authority reported on Saturday that this year’s FDI reached US$164 million, which is only 33.4 percent of [...]