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Manufacturers Shift Investment Focus to Vietnam from China

SEOUL, Nov. 22 (Korea Bizwire) — South Korean manufacturers have been shifting the focus of their overseas direct investment to Vietnam from China thanks to tax benefits, cheaper labor and other favorable conditions, a report said Thursday. Vietnam accounted for 17.7 percent of South Korean manufacturing companies’ total direct overseas investment in 2017, up sharply [...]

Biz Sentiment at Over 2-yr High but Still Under Par

SEOUL, Jul. 5 (Korea Bizwire) — South Korean manufacturers’ business sentiment reached the highest in over two years, but pessimism still outweighed optimism overall, a survey showed Wednesday. A survey of some 2,200 manufacturing firms put the business sentiment index (BSI) at 94 in the third quarter, up five points from the second quarter but [...]