Off the wire
• S.Korea posts trade surplus for 60 months through January  • Across China: Teenager rewarded for hit and "not run"  • 1st LD Writethru: Taliban abducts 52 civilians in N. Afghan province  • China capable of achieving steady GDP growth in 2017: Standard Chartered  • S.Korea's ICT exports post double-digit increase on demand for semiconductors  • Only 16 percent of Saudi private sector workforce are Saudis  • Guangzhou suspends live poultry trade to block H7N9 spread  • Urgent: Taliban abducts 52 civilians in N. Afghan province  • Cargo ship with 23 Chinese crew members catches fire in Vietnam  • China's online sales of farm produce grow in 2016  
You are here: 　 Home

S.Korea's overseas direct investment hits record high 49.2 bln USD in 2016

Xinhua, February 15, 2017 Adjust font size:

SEOUL, Feb. 15 (Xinhua) - South Korea's overseas direct investment hit a fresh record high last year, reflecting expectations for economic recovery in the United States, a government report showed on Wednesday.

Reported direct investment into foreign countries amounted to 49.24 billion U.S. dollars in 2016, up 18.7 percent from the previous year, according to the Ministry of Strategy and Finance.

It topped the previous high of 46.53 billion dollars tallied in 2011. The amount actually transferred to the foreign countries reached a new high of 35.35 billion dollars last year, marking the fresh yearly high.

Investment into foreign real estate rose 44.2 percent, with those in the wholesale and retail sector almost tripling compared with a year earlier. Those for the mining industry declined 27.7 percent on the low commodity prices.

South Korean investment into the U.S. jumped 66.9 percent on expectations for economic recovery in the world's biggest economy.

The U.S. central bank indicated three rate increases this year as it gained more confidence in economic growth. Enditem