Foreign direct investment (FDI) to South Korea grew 4.8 percent from a year ago in the third quarter, the first addition in five quarters.
According to the Ministry of Trade, Industry and Energy on Thursday, the country received $3.61 billion worth of FDI commitments during the July to September period, up 4.8 percent from the same period last year. Actual investment fell 32.7 percent on year to $1.36 billion.
À̹ÌÁö È®´ë The FDI pledges amounted to $13.49 billion from January to September on pace to meet the government target of $20 billion for five years in a row, as foreign investment tends to expand while approaching the end of the year, the ministry said.
New FDI to the emerging industries including high-tech materials, components, artificial intelligence and fintech almost doubled from a year ago to $1.5 billion in the third quarter, as overseas investors have been diversifying their portfolio.
Offshore investors are paying attention to Korea¡¯s part and material manufacturers that are seeking to develop new materials to replace Japanese imports since Japan has imposed restrictions on Korea-bound shipments of some high-tech materials since July. The government plans to ramp up its support for advanced petrochemical industry, chip and display makers and future-generation car sector to help them attract more overseas investments.
By Lim Sung-hyun and Choi Mira
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]