January 04, 2018 08:24
The amount of foreign direct investment to Korea increased 7.7 percent from the previous year to nearly US$23 billion in 2017, the Ministry of Trade, Industry and Energy said Wednesday.
Investors from the U.S. and Japan led most of the increase whereas the amount of investment from China decreased. Investment from the U.S. increased 21.5 percent from the previous year to more than $4.7 billion, while Japanese investment nearly doubled to more than $1.8 billion.
Meanwhile, investment from China, which comprised of the lion's share in 2016, decreased 60.5 percent to $810 million last year.
The ministry forecast that investment would continue to rise this year, but pointed out that a sudden rate hikes by the U.S. Federal Reserve could hamper the trend.
- Copyright © Chosunilbo & Chosun.com