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SOUTH KOREA'S OVERSEAS DIRECT INVESTMENT SOARS IN FIRST HALF.
SEOUL, August 1 Asia Pulse - South Korea's overseas direct investment surged to US$10.3 billion in the first half of the year, mainly due to government deregulation, a report showed Tuesday.
The total represents a year-on-year gain of 44 per cent, compared with $7.2 billion a year earlier, the Ministry of Finance and Economy said.
Seoul unveiled sets of measures twice this year to spur the country's overseas direct investment that could help curb the rise of the Korean won against the U.S. dollar. A strong won is making locally made goods more expensive abroad and eating into the profit margins of manufacturers.
The latest measure, announced in March,lifted a $10 million cap on individual's direct investment in foreign countries.
The ministry's report said direct overseas investments by small and medium-sized enterprises and individuals increased notably.
Smaller companies' direct investments made up 45.9 per cent of the total overseas investment in the first half, while that of individuals accounted for 9.2 per cent.
Of the money that went abroad, direct investment to China soared 68.1 per cent to $3.4 billion, while ...
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- S. KOREAN OVERSEAS DIRECT INVESTMENT SOARS IN FIRST HALF.
- News wire article from: AsiaPulse News July 31, 2007 700+ words
...SEOUL, July 31 Asia Pulse - South Korea's overseas direct investment surged 44 per cent on an annual basis in the...measures twice this year to spur the country's overseas direct investment and curb the local currency's ascent to the...
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- News wire article from: YON - Yonhap News Agency of Korea August 1, 2007 700+ words
...SEOUL, July 31 (Yonhap) -- South Korea's overseas direct investment surged to US$10.3 billion in the first half...measures twice this year to spur the country's overseas direct investment that could help curb the rise of the Korean...
- S. Korea's overseas direct investment doubles in 2006.
- News wire article from: YON - Yonhap News Agency of Korea January 26, 2007 700+ words
...SEOUL, Jan. 25 (Yonhap) -- South Korea's overseas direct investment doubled last year from a year earlier as companies...nation's Finance Ministry said Thursday. Overseas direct investment rose 104.4 percent to US$18.5 billion...
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- News wire article from: YON - Yonhap News Agency of Korea November 6, 2007 700+ words
...Yonhap) -- South Korea's overseas direct investment rose nearly 20 percent on...billion. Smaller companies' direct investment made up 48.8 percent of...accounted for 8.8 percent. Direct investment in China soared 50.5 percent...
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- News wire article from: AsiaPulse News November 5, 2007 700+ words
...Pulse - South Korea's overseas direct investment rose nearly 20 per cent...billion. Smaller companies' direct investment made up 48.8 per cent...accounted for 8.8 per cent. Direct investment in China soared 50.5 per...
- SOUTH KOREA'S OVERSEAS DIRECT INVESTMENT DOUBLES IN 2006.
- News wire article from: AsiaPulse News January 25, 2007 700+ words
SEOUL, Jan 25 Asia Pulse - South Korea's overseas direct investment doubled last year from a year earlier as companies...nation's Finance Ministry said Thursday. Overseas direct investment rose 104.4 per cent to US$18.5 billion...