The Ministry of Strategy & Finance announced on February 12 that Korea’s overseas direct investment increased by 15% from a year ago to US$40.23 billion, a five-year high, last year. The amount declined early last year but showed a significant recovery during the last three quarters of last year.
By industry, the financial and insurance sector’s overseas direct investment posted an increase of 65.5% while those of the manufacturing and mining sectors jumped by 7.6% and 19.3%, respectively. In contrast, that of the real estate lease sector recorded a decline of 35.3%.
By region, the investment in Asia increased by 51.3% and those in North America and Latin America went up by 3.2% and 34.6%, respectively. However, the investment in the other regions showed a negative growth with that in Europe declining by 42.7%.
In the meantime, the overseas direct investment that was actually remitted abroad last year totaled US$27.18 billion, up 0.7% from a year earlier.