(MENAFN) The South Korean Ministry of Trade, Industry and Energy said that the total amount of new foreign direct investment (FDI) in the country increased 50 percent in the first quarter compared to a year earlier, doubling the amount of actual investment, QNA reported.
According to the ministry, the January-March period witnessed pledging USD5.06 billion into the country, increasing 49.1 from a year earlier.
"The overall amount of foreign direct investment in South Korea rose from the same period last year as investment from Japan showed signs of a recovery with a large growth in direct investment from Europe and Chinese-speaking countries," the ministry said.
The ministry added that it aims to record USD17 billion fresh pledges in 2014, which is higher by 16.8 percent from 2013.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.