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Foreign direct investment in South Korea up sharply in third quarter.
Text of report in English by South Korean news agency Yonhap
[By Lee Joon-seung]
Seoul, Oct. 1 (Yonhap) - Foreign direct investment (FDI) into South Korea surged 17.4 per cent on-year in the third quarter due to state-led economic stimulus measures and favourable exchange rates, a government report said Thursday.
South Korea attracted US$3.37 billion in future FDI in the July-September period, compared to $2.87 billion a year earlier, according to the preliminary report by the Ministry of Knowledge Economy.
While investment plunged in the first quarter as businesses reeled from the global financial crisis, the passage of a 28.4 trillion won …
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