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S.Korea's FDI inflow logs double-digit growth in Q1

SEOUL
2022-04-07 13:34

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SEOUL, April 7 (Xinhua) -- Foreign direct investment (FDI) in South Korea logged double-digit growth in the first quarter due to a surge in investment in the manufacturing industry, government data showed Thursday.

The reported FDI came to 5.45 billion U.S. dollars in the January-March quarter, up 14.9 percent from a year earlier, according to the Ministry of Trade, Industry and Energy.

It marked the highest first-quarter inflow. The number of reported FDIs stood at 830 in the March quarter, up 28.9 percent from a year ago.

The FDI in the manufacturing sector more than tripled to 1.64 billion dollars in the first quarter, taking up 30 percent of the total.

Foreign investment in food, machinery equipment and precision medical appliance, transport equipment, and the semiconductor segments soared in tripled digits in the quarter.

The reported FDI in the services industry declined 9.4 percent over the year to 3.77 billion dollars in the first quarter, and the investment in the agricultural, livestock, fishery and mining sector sank 69.1 percent to 43 million dollars.

The FDI from China jumped 39 percent to 1.19 billion dollars in the first quarter, and investment from the United States more than tripled to 870 million dollars.

Direct investment from Japan spiked 94.6 percent to 480 million dollars, but investment from the European Union (EU) plunged 81.3 percent.
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