Over­seas di­rect in­vest­ment up 33%

The Korea Times - - BUSINESS -

Korea’s over­seas di­rect in­vest­ment rose 33 per­cent in the third quar­ter from a year ear­lier on the back of funds go­ing into the man­u­fac­tur­ing sec­tor, gov­ern­ment data showed Fri­day.

In­vest­ments made by South Korean res­i­dents and com­pa­nies came to $13.11 bil­lion in the July-Septem­ber pe­riod, com­pared with $9.86 bil­lion in the same pe­riod last year, ac­cord­ing to the data com­piled by the Min­istry of Econ­omy and Fi­nance.

In­vest­ments made in the United States jumped 77 per­cent year-on-year to $3.74 bil­lion, with the num­bers for China ris­ing 107.2 per­cent to $1.48 bil­lion over the cited pe­riod.

By sec­tor, off­shore in­vest­ment in for­eign man­u­fac­tur­ing soared 160.6 per­cent year-on-year to reach $5.03 bil­lion, with that al­lo­cated to prop­erty ris­ing 25.7 per­cent to $1.52 bil­lion.

Mean­while, South Korean in­vest­ment into the for­eign in­sur­ance and fi­nan­cial sec­tor fell 9.7 per­cent to $3.88 bil­lion.

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