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Q1 FDI in Incheon Accounts for 99% of FDI from FEZs

Foreign direct investment (FDI) in the first quarter reported by the Incheon Free Economic Zone Authority (IFEZA) accounted for 98.6 percent of the aggregate FDI reported by free economic zone authorities in Korea.

According to the Ministry of Trade, Industry and Energy, FDI reported by IFEZA amounted to USD 575 million in the first three months of the year.

The Busan Jinhae Free Economic Zone and the Daegu Gyeongbuk Free Economic Zone reported USD 4 million and USD 3 million, respectively, over the same period, accounting for 0.8 percent and 0.6 percent of the national total.

FDI reported by IFEZA in Q1 exceeded its reported FDI in 2011, which was USD 553 million. IFEZA expects to achieve this year’s goal of USD 2 billion if this trend continues

Source Text

Source: Yonhap News (Apr. 18, 2013)

** This article was translated from the Korean.
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