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S. Korea's Overseas Direct Investment Surges in Q2

According to Yonhap News,

(SEJONG=Yonhap News) S. Korea's overseas direct investment rose sharply in the second quarter from a year earlier due to a rise in offshore investment in the manufacturing and financial sectors, government data showed Thursday.

Investments made by South Korean companies in other countries totaled US$12.96 billion in the April-June period, compared with $10.3 billion a year ago, according to the data compiled by the finance ministry. This is also a 33.2 percent on-quarter jump.

The data showed investment into the U.S., the biggest investment destination for South Korean money, increased 4.7 percent on-year to $3.62 billion in the second quarter, while the figure for China soared 87.3 percent to $1.21 billion over the cited period.

By sector, offshore investments in the financial and insurance sector more than doubled to reach $5.43 billion, while those allocated to the overseas property sector spiked 64.3 percent to $1.95 billion, the latest findings showed.

The comparable figure for the manufacturing segment also spiked 120 percent to $4.1 billion, they showed.

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Source Text

Source: Yonhap News (September 6, 2018)

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