Summary
[The amount of foreign direct investment that South Korea attracted last year increased by 42% year-on-year to a new high]Based on the declared amount, the foreign direct investment (FDI) attracted by South Korea in 2021 was 29.51 billion US dollars, an increase of 42.3% year-on-year, setting a record since the relevant statistics in 1962. Among them, the United States invested 5.26 billion US dollars, a year-on-year decrease of 0.9%; the EU invested 12.8 billion US dollars, an increase of 169.%; Greater China invested 7.54 billion US dollars, an increase of 38.1%; Japan 1.21 billion US dollars, an increase of 52.8%.
Yonhap News Agency reported on January 10 that the Ministry of Industry, Trade and Energy of South Korea stated on the 10th that based on the declared amount, in 2021, South Korea will attractforeign direct investment(FDI) was 29.51 billion US dollars, an increase of 42.3% year-on-year, setting a record since the start of relevant statistics in 1962. The actual foreign capital received was 18.03 billion US dollars, a year-on-year increase of 57.5%.
According to reports, foreign direct investment in South Korea has declined for two consecutive years since 2019 and rebounded last year. The Ministry of Industry and Commerce of South Korea stated that in the context of the prolonged epidemic and the crisis in the supply chain, the record foreign investment has contributed to the economic recovery and expansion of the supply chain.
According to the investment industry, the service industry was 23.57 billion US dollars, up 64.2% year-on-year. Investments in industries such as information and communication (317.2%), retail and wholesale distribution (139.1%), business support and leasing (833%) also rose. The manufacturing industry was only US$5 billion, a year-on-year decrease of 16.2%.
In terms of investment sources, the US invested US$5.26 billion in South Korea, a year-on-year decrease of 0.9%; the EU invested US$12.8 billion, an increase of 169%. %; Greater China was US$7.54 billion, an increase of 38.1%; Japan was US$1.21 billion, an increase of 52.8%.
(Article Source: Interface News)
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