Foreign direct investment in S.Korea posts double-digit fall in H1

Source: Xinhua| 2019-07-11 11:36:44|Editor: Xiang Bo
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SEOUL, July 11 (Xinhua) -- Foreign direct investment (FDI) in South Korea posted a double-digit fall in the first half of this year amid the investment slump across the world, a government report showed Thursday.

The reported FDI in the country amounted to 9.87 billion U.S. dollars in the January-June period, down 37.3 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.

It was attributable to the global investment weakness, but the ministry said the FDI kept a growth trend in the long run as the first-half figure stayed above the average FDI of 8.45 billion dollars for the past 10 years.

The direct investment from Japan tumbled 38.5 percent over the year to 540 million dollars in the first half, but the FDI from the United States grew 3.1 percent to 3.11 billion dollars.

The FDI from the European Union (EU) plunged 41.5 percent to 2.68 billion dollars, with the investment from China dropping 86.3 percent to 300 million dollars.

By industry, the FDI in the manufacturing sector diminished 57.2 percent to 3.09 billion dollars in the cited period, and the FDI in the services industry retreated 19.7 percent to 6.72 billion dollars.

By type, the green field investment, which builds factories and create jobs here, dipped 44.9 percent to 7.07 billion dollars, and the mergers and acquisitions investment shed 4.3 percent to 2.8 billion dollars.