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Foreign investment in S.Korea declines in Q1

Xinhua, April 4, 2017 Adjust font size:

Foreign direct investment into South Korea declined in the first quarter of this year on weak demand from China and the United States, a government report showed Tuesday.

Reported FDI in the January-March period amounted to 3.85 billion U.S. dollars, down 9.2 percent compared with the same period of last year, according to the Ministry of Trade, Industry and Energy.

Direct investment of U.S. investors into South Korea tumbled 33.5 percent over the year to 365 million dollars in the first quarter as the Donald Trump administration strengthened protectionist trade and economic policies.

In the cited period, Chinese investors cut their investment in South Korea by 56.4 percent at 163 million dollars.

FDI from European investors plunged 50.3 percent to 876 million dollars, but the figure from Japanese investors surged 153 percent to 407 million dollars.

Foreigners directly invested 971 million dollars in South Korea's manufacturing sector in the first quarter, down 23 percent from a year earlier.

Foreign investment into the services industry dipped 4.5 percent to 2.82 billion dollars in the same period. Endit