RoK’s overseas direct investment surges in Q2
Saturday, 08/09/2018 10:42 (GMT+7)
The Republic of Korea (RoK)'s overseas direct investment rose sharply in the second quarter from a year earlier as investors focus on offshore investment in the manufacturing and financial sectors, the RoK government’s data shows.
Source: yonhapnews.co.kr
According to Yonhap news agency, investments made by RoK companies in other countries totalled USD12.96 billion in the April-June period, compared to USD10.3 billion a year ago, said the data compiled by the finance ministry. This is also a 33.2 percent on-quarter jump.
The data showed investment in the US, the biggest investment destination for Korean money, increased 4.7 percent on-year to USD3.62 billion in the second quarter, while the figure for China soared 87.3 percent to USD1.21 billion over the cited period.
By sector, offshore investments in the financial and insurance sector more than doubled to reach USD5.43 billion, while those allocated to the overseas property sector spiked 64.3 percent to USD1.95 billion, the latest findings showed.
The comparable figure for the manufacturing segment also spiked 120 percent to USD4.1 billion, they showed./.
CPV/VNA
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