July 05, 2018 09:47
Korea's foreign direct investment during the first half of this year amounted to nearly US$16 billion. This is a record high for a year's first half as well as an increase of more than 64 percent compared to the same period last year.
It mostly came from China, Europe, Japan and the U.S. But there was a remarked rise in investment from Middle Eastern countries.
The Ministry of Trade, Industry and Energy attributes the increase to Korea's strong economic fundamentals and a surge of joint partnerships. The ministry also added that the record FDI is impressive considering the decline of global mergers and acquisitions compounded by intensifying global trade tensions.
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