Increased Investment in FEZ

The foreign direct investment in South Korea’s seven free economic zones including Incheon increased 66.1% this year from a year ago, recording of approximately US$2.42 billion in total.
The foreign direct investment in South Korea’s seven free economic zones including Incheon increased 66.1% this year from a year ago, recording of approximately US$2.42 billion in total.

 

The Free Economic Zone Planning Office of the Ministry of Trade, Industry & Energy announced on December 20 that the seven free economic zones in South Korea are estimated to record a reported foreign direct investment of approximately US$2.42 billion in total this year, up 66.1% from a year ago.

The amount fell from US$2.557 billion to US$1.348 billion between 2012 and 2013 and then rebounded to US$1.827 billion in 2014. It totaled US$1.457 billion in 2015.

This year, the Incheon Free Economic Zone posted US$1.57 billion while the Busan Jinhae Free Economic Zone set a new record of US$460 million. The Yellow Sea, East Sea and North Chungcheong Free Economic Zones reached US$227 million, US$82 million and US$63 million, respectively. Under the circumstances, the dependence on the Incheon Free Economic Zone fell from 82.8% to 64.8% between last year and this year.

In the meantime, the amount stood at US$590 million, close to last year’s, when it comes to the foreign direct investment that has actually arrived. The ministry mentioned that it would make more efforts so that the reported investment can be actually made.

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