FDI Leaps 62% in Q2

Foreign direct investment into Korea is rebounding. The Ministry of Knowledge Economy announced on Thursday that FDI pledges received by the government climbed by 2.1 percent to US$4.644 billion in the first half of this year, from $4.548 billion in the same period last year.

Notably after plunging a whopping 38.2 percent in the first quarter of this year over the same period last year, FDI posted a 62 percent growth in the April to June period year-on.

This marked upswing owes much to a couple of sizable M&A deals and the country's growth prospects, seen as far brighter than those of other countries.

englishnews@chosun.com / Jul. 03, 2009 09:30 KST