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KOREAN OVERSEASE INVESTMENT DECLINES IN LINE WITH THE ECONOMY.
SEOUL, Nov 1 Asia Pulse - Foreign direct investment (FDI) by Koreans declined 8.1 per cent on year to US$3.52 billion for the first nine months of 2001 due largely to the global economic downturn aggravated by the Sept 11 terror strikes in the United States, the Ministry of Finance and Economy (MOFE) said Thursday.
Investments by large businesses took the lion's share with $2.59 billion, or 73.6 per cent, of total FDI while individuals and small- and medium-sized firms sent $930 million abroad, or 26.4 per cent, of total FDI.
LG Electronics was the largest investor ...
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