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 [...]
SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is [...]
SEOUL, Nov. 28 (Korea Bizwire) — New foreign direct investment (FDI) pledged to South Korea has surpassed the previous record high, led by rising interest in the nation’s high-tech industries and startups in emerging sectors, government data showed Wednesday. South Korea received US$23.04 billion worth of FDI commitments as of Tuesday, already breaking last year’s [...]
LONDON, Apr. 19 (Korea Bizwire) — Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 (http://APO.af/sUtRNQ) by Quantum Global’s (www.QuantumGlobalGroup.com) independent research arm, Quantum Global Research Lab. Multimedia content can be accessed here: http://APO.af/ZihCNl. According to the Index, Botswana, scores highly based on [...]
SEJONG, Dec. 23 (Korea Bizwire) - Foreign direct investment (FDI) in South Korea surpassed the US$15 billion mark this year for the first time ever, driven by a free trade pact with China and more favorable business conditions, the government said Wednesday. As of Tuesday, the amount of FDI that arrived in the country reached $15.19 [...]
SEOUL, March 24 (Korea Bizwire) – After the Korea-US Free Trade Agreement came into effect in March, 2012, Korea’s exports and imports to the U.S. increased by 32 percent and 11 percent respectively. The Korea Institute for International Economic Policy (KIEP) said in its report entitled “Present Condition and Issue after Three Years of Korea-US FTA” [...]