This post is also available in:
简体中文 (Chinese)
South Korean media BK reported that data released by South Korea’s Ministry of Planning and Finance on November 14 showed that South Korea’s total overseas direct investment (ODI) from the first quarter to the second quarter of 2023 was US$15.31 billion, a decrease of 22.9% from US$19.84 billion in the same period last year. . It was the largest decline in 14 years since a 31.6% drop in the second quarter of 2009. This is the third consecutive quarter of decline since the fourth quarter of last year. This is the first time apart from the 2008 global financial crisis and the 2020 COVID-19 pandemic. 发送反馈 侧边栏 历史记录 已保存 提供建议
This is mainly due to Korean investors withdrawing from China. Broken down by country, South Korea’s direct investment in China was US$570 million, a year-on-year decrease of 53.3%. In sharp contrast, South Korea’s ODI to the United States fell by 14.2% to $6.21 billion, while South Korea’s ODI to Vietnam increased by 0.2% as South Korea invested $860 million in Vietnam. South Korea’s direct investment in China also fell sharply by 89.2% in the first quarter.
(Source: BK Image source: freepik)
