January 07, 2020 11:36
Foreign direct investment in Korea fell last year for the first time in six years.
The Ministry of Trade, Industry and Energy said Monday that Korea's FDI decreased 13.3 percent from US$26.9 billion in 2018 to $23.33 billion in 2019.
Despite the drop, it was still the second-highest level on record and surpassed the $20 billion mark for the fifth straight year.
Experts say that higher regulatory barriers and increasing corporate taxes have worsened the business environment in the country, turning foreign investors away.
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