ZCZC
BCN-42
S.KOREA-GDP-INVESTMENT
S.Korea’s direct overseas investment posts double-digit growth in Q2
SEOUL, Sept. 6, 2018 (BSS/Xinhua) – South Korea’s direct overseas
investment posted a double-digit expansion in the second quarter on surging
investment in manufacturing industries, a government report showed Thursday.
Direct overseas investment reached 12.96 billion U.S. dollars in the
April-June quarter, up 25.8 percent from a year earlier, according to the
Ministry of Economy and Finance.
It was the biggest increase in five quarters, turning around in three
quarters.
Investment in the overseas manufacturing industry soared 235.7 percent
over the year to 4.98 billion U.S. dollars in the June quarter as local
chipmakers increased mergers and acquisitions overseas.
Investment in the finance and insurance sectors recorded 3.87 billion U.S.
dollars, followed by the real estate sector with 1.36 U.S. billion dollars
and the wholesale and retail industry with 790 million U.S. dollars,
respectively.
Direct investment in Asia accounted for 32.7 percent of the total in the
second quarter, ranking the first spot.
It was trailed by the Latin American countries with a portion of 29.2
percent, North America with 22.1 percent and Europe with 14.4 percent each.
BSS/XINHUA/HR/1430