360° Coverage : South Korea's overseas investment falls

11 Updates
South Korea's overseas investment falls
Photo Credit: LEE JAE-WON, Getty Images

South Korea's overseas investment falls

Feb 26 2013, 2:19am CST | by

Seoul, Feb 26 (IANS) South Korea's overseas direct investment fell for the first time in three years as people refrained from investing into overseas mining projects amid global uncertainties.

Seoul, Feb 26 — South Korea's overseas direct investment fell for the first time in three years as people refrained from investing into overseas mining projects amid global uncertainties. Reported...

Filed under: news

YouTube Videos

 
 
 

1 year ago

South Korea's overseas investment falls

Feb 26 2013, 2:19am CST | by

Seoul, Feb 26 (IANS) South Korea's overseas direct investment fell for the first time in three years as people refrained from investing into overseas mining projects amid global uncertainties.

Seoul, Feb 26 — South Korea's overseas direct investment fell for the first time in three years as people refrained from investing into overseas mining projects amid global uncertainties.

Reported direct investment overseas declined 14.3 percent from a year earlier to $39.01 billion in 2012 after rising 32.5 percent in 2011 and 11.7 percent in 2010, the Ministry of Strategy and Finance said Tuesday.

Investment into overseas mining development projects tumbled 51.7 percent last year after doubling in the prior year due to global uncertainties such as the eurozone fiscal crisis. Investment growth in the manufacturing sector slowed to 4.2 percent in 2012 from 10.6 percent a year before, reported Xinhua.

By region, the direct investment into North American countries sank 57.6 percent last year, while those for Europe and the Middle East increased 19.8 percent and 135.6 percent respectively.

The US was the largest destination for overseas investment with $6.9 billion invested last year. It was followed by China with $6.48 billion, Australia with $4.41 billion and the Netherlands with $2.85 billion.

IANS

Source: IANS

 
Update
11

21 hours ago

Samsung’s Galaxy phones cleared to handle classified US government data

Oct 21 2014 2:34am CDT | Source: Canadian Business Online

SEOUL, South Korea – Samsung Electronics Co. says some of its Galaxy mobile devices were approved to use with classified U.S. government networks and data. The South Korean company said Tuesday the Galaxy S5, the Galaxy Note 4 and seven other smartphones or tablets became the first consumer devices validated by a partnership between the National Security Agency and the National Institute of Standards ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
10

1 day ago

Hong Kong Protest Doesn't Excite Democracy Advocates In S.Korea

Oct 20 2014 8:34am CDT | Source: Forbes Real Time

The uprising in Hong Kong evokes memories of democracy movements in Korea, the Philippines, Indonesia and, more recently. Thailand. For all the fervor, however, the determined stand of the Hong Kong protesters against the authority of Beijing seems strangely remote, disconnected from crusades in other Asian ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
9

2 days ago

South Korea Concert Disaster: Safety Planner 'Jumps to his Death From 10-Storey Building'

Oct 19 2014 11:12am CDT | Source: IBTimes World

16 people died when a ventilation grille gave way at a music concert in Seong ...
Source: IBTimes World   Full article at: IBTimes World
 

 
Update
8

1 week ago

Ebola: South Korea on Alert Ahead of Conferences with West African Participants

Oct 14 2014 5:47am CDT | Source: IBTimes World

Extra vigil as participants from Ebola-hit Guinea, Sierra Leone and Liberia will be atte ...
Source: IBTimes World   Full article at: IBTimes World
 

 
Update
7

1 week ago

SKorea's Kakao Talk vows to put privacy before law

Oct 13 2014 11:57pm CDT | Source: The Standard: China's Business Newspaper

The operator of South Korea's dominant instant-messaging service Kakao Talk has vowed to put privacy before the law and deny investigating ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
5

1 week ago

CHART OF THE DAY: The Fastest Internet Speeds Aren't In The US

Oct 13 2014 3:17pm CDT | Source: Business Insider

We are hugely dependent on our internet speeds for everything — on a desktop or mobile device, for business or pleasure, we need fast internet to do just about everything these days, since most of our lives have moved online. And yet, according to Akamai's "State Of The Internet Report," a survey that covers the first three months of 2014, the US comes up woefully short in terms of internet ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
4

1 week ago

KakaoTalk Maker to Ignore Legal Demands for Users' Messages

Oct 13 2014 9:38am CDT | Source: WSJ.com: Asia Home

The makers of KakaoTalk, South Korea’s dominant mobile-messaging application, said the company has stopped honoring warrants from government prosecutors seeking to access the private messages of its users, in a move aimed at stemming an ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
3

1 week ago

Suven Life Sciences up after new patents

Oct 13 2014 3:46am CDT | Source: Business Standard

The patents are valid through 2030 in South Korea and ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
2

1 week ago

Suven Life gets patent for CNS molecule from US, South Korea

Oct 13 2014 3:40am CDT | Source: Business Standard

Drug firm Suven Life Sciences today received one product patent each from the US and South Korea for CNS molecule which could be used for treating var ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

1 week ago

World stock markets lower as global recovery concerns prompt flight to safety

Oct 13 2014 3:39am CDT | Source: Canadian Business Online

SEOUL, South Korea – World stock markets were lower Monday, shrugging off robust Chinese trade figures as investors exited riskier assets after concerns resurfaced about the global economic outlook. KEEPING SCORE: France’s CAC 40 was down 0.3 per cent at 4,062.21 and Germany’s DAX shed 0.2 per cent to 8,776.88. Britain’s FTSE 100 dropped 0.3 per cent to 6,322.91. Futures pointed to losses on Wall Street. Dow futures fell 0.2 per cent to 16,413 and S&P 500 futures lost 0 ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Spanish nurse cured of Ebola
Madrid, Oct 21 (Xinhua) Spanish nursing auxiliary Teresa Romero was pronounced cured of the Ebola virus disease according to World Health Organisation (WHO) guidelines after the results of a second test confirmed Tuesday that she no longer had the virus in her blood.
 
 
Clinical trials of Ebola vaccine start Nov 1 in Switzerland
Geneva, Oct 21 (IANS/EFE) The World Health Organisation (WHO) announced Tuesday that it will begin clinical trials Nov 1 in Switzerland of one of the two anti-Ebola vaccines currently under development.
 
 
Colombia to launch world's first floating gas liquefaction plant
Bogota, Oct 21 (IANS/EFE) The world's first floating gas liquefaction plant is due to begin operating next year off the coast of northern Colombia under a pact between Canada-based Pacific Rubiales Energy and Belgian shipbuilder Exmar.
 
 
Paralysed man walks again after pioneering cell therapy
London, Oct 21 (IANS/EFE) A paralysed man has been able to walk again after therapy that involved transplanting cells from his nasal cavity into his spinal cord, the BBC reported Tuesday.
 
 
 

Latest from the Network

European Champions League standings
Paris, Oct 22 (IANS) Following are the European Champions League standings for Groups E to H after Tuesday's matches (tabulated under matches played, won, drawn, lost, goals for, against, points), according to Xinhua...
Read more on Sport Balla
 
Rogerio set to break Giggs world record
Rio de Janeiro, Oct 22 (IANS) Sao Paulo goalkeeper Rogerio Ceni is one victory away from earning his fourth Guinness World Record by eclipsing a mark held by Manchester United legend Ryan Giggs. The 41-year-old will...
Read more on Sport Balla
 
Ryan Reynolds can't keep his hands off Blake Lively
Ryan Reynolds was ''really sweet'' to Blake Lively at the Angel City Ball. The couple, who got married in September 2012, made their first red carpet appearance together in New York City on Monday night (10.20.14) since...
Read more on Celebrity Balla
 
Kris Jenner doesn't know who Bruce Jenner is dating
Kris Jenner has ''no idea'' whether Bruce Jenner is dating her best friend. The 58-year-old reality TV star, who split from the Olympic gold medallist last October after 23 years of marriage, claims she doesn't know if...
Read more on Celebrity Balla
 
When Rihanna dressed like 'Harry Potter'
New York, Oct 22 (IANS) Singer Rihanna was spotted here in a Harry Potter style costume. She wore the wizard-like get-up while heading for a business meal here Monday, reports mirror.co.uk. The 26-year-old combined a...
Read more on Celebrity Balla
 
Germany raises humanitarian aid to Iraq
Berlin, Oct 22 (IANS) Germany has pledged a further 20 million euros (about 25.5 million dollars) in humanitarian aid to Iraq, the foreign ministry said in a statement Tuesday. The additional funds are immediately...
Read more on Politics Balla
 
India calls on Israel, Palestine to resume peace process
United Nations, Oct 22 (IANS) India has called upon Israelis and Palestinians to resume the peace process as "dialogue remains the only viable option" to address the issues confronting the region. In a brief statement...
Read more on Politics Balla
 
Airstrikes help ground forces fight IS: Pentagon
Washington, Oct 22 (IANS) Kurdish forces are in control of the majority of the Syrian city of Kobane despite efforts by the Islamic State (IS) to take the town, a spokesperson for US defence department said Tuesday....
Read more on Politics Balla
 
Palestine, Israel urged at UN to halt unilateral initiatives
United Nations, Oct 22 (IANS) UN Secretary-General Ban Ki- moon Tuesday called on Palestine and Israel to overcome differences and halt unilateral initiatives that fuel mistrust, so as to pursue long-term stability in...
Read more on Politics Balla
 
China urges Israel to create conditions for peace
United Nations, Oct 22 (IANS) Chinese government has called on Israel to create necessary conditions for the resumption of peace talks with Palestine. At an open debate of the Security Council on the situation of the...
Read more on Politics Balla