Foreign direct investments in S Korea see slight reduction

16:51, July 06, 2010      

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Foreign direct investments in South Korea in the first half of 2010 dropped 6.7 percent from the same period a year before, a preliminary report by the Ministry of Knowledge Economy showed on Tuesday.

A strong won currency and sluggish recovery in the global investment sector had dampened foreign investment pledges in the country to 4.33 billion U.S. dollars in the January-June period, compared with 4.64 billion U.S. dollars a year earlier, the report said.

The ministry, however, said that foreign direct investments in the country registered a 4.7 percent decline compared with levels before the global financial crisis, relatively better than other countries. China, the United States, and Japan reported a fall of 14.5 percent, 43.3 percent, and 91.9 percent, respectively.

The government will make an effort to attract diverse economies, primarily emerging markets like China and the Middle East, for investment and to spur investments in four service sectors, namely finance, distribution, tourism and knowledge services, it said.

Source: Xinhua


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