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

9 hours ago

Curtains, fire hoses save SKorea ferry survivors

Jul 29 2014 4:02am CDT | Source: The Standard: China's Business Newspaper

Student survivors of South Korea's ferry disaster testified Tuesday how passengers, abandoned by the crew, improvised means of escap ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
10

10 hours ago

Hyundai Heavy Posts Record Loss

Jul 29 2014 3:43am CDT | Source: WSJ.com: Asia Home

South Korea's Hyundai Heavy Industries posted its worst quarterly loss ever, hurt by a stronger local currency and discounts it has offered since last year to prop up sales amid a slowdown in the global shipbuilding industr ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
9

1 day ago

Students give evidence in South Korea ferry disaster trial

Jul 28 2014 11:33am CDT | Source: Euronews

Six students who survived a ferry disaster in South Korea have given evidence in the trial of crew members implicated in the de ...
Source: Euronews   Full article at: Euronews
 

 
Update
8

1 day ago

Korean Ferry Survivors Recall Horror

Jul 28 2014 11:25am CDT | Source: WSJ.com: Asia Home

As South Korea's ill-fated ferry tipped over and seawater began filling up its cabins, passengers told to stay inside had to make a last minute scramble to escape, six young survivors from the tragedy sai ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
7

1 day ago

South Korea: Cheering Robots at Baseball Games Stand in For Actual Fans

Jul 28 2014 5:13am CDT | Source: IBTimes World

The Hanwha Eagles baseball team have introduced the world's first robot cheerl ...
Source: IBTimes World   Full article at: IBTimes World
 

 
Update
5

1 day ago

Bang for silver buck missing?

Jul 27 2014 5:00pm CDT | Source: Business Times Singapore

July 28, 2014 1:59 AMIT SEEMS local businesses are missing the shine of the silver market. Experts say the silver industry - businesses catering to the needs and wants of seniors - has not developed here, despite optimism that it will pick up like in Japan and South Korea. Talk of such an industry emerged as early as 2006, along with Singapore's a ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
4

2 days ago

South Korea’s Epic Tragedy: In Ferry Deaths, a South Korean Tycoon’s Downfall

Jul 26 2014 6:46pm CDT | Source: NewYorkTimes-Business Day

Captured in teenagers’ texts and cellphone videos, the sinking of the ferry Sewol killed 304 passengers and exposed a web of questionable ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day
 

 
Update
3

2 days ago

North Korea fires short-range missile into sea

Jul 26 2014 2:00pm CDT | Source: The Nation - Pakistan

SEOUL : North Korea fired a short-range missile into the sea on Saturday, the 15th time it has launched rockets this year, the South's Yonhap news agency reported. South Korea's Joint Chiefs of Staff in a statement said the North "fired a short-range missile presumed to be a Scud-type one into the East Sea" (Sea of Japan) at 09:40 pm (12:40 GMT). T ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
2

4 days ago

A Terrible Korean Baseball Team Is Packing Its Stadium With Robot Fans

Jul 25 2014 1:57pm CDT | Source: Business Insider

One Korean baseball team is turning to science to pump up its home field advantage by filling its stadium seats with robot fans. The Korean Baseball Organization's Hanwha Eagles, of Daejeon, South Korea, added three rows of robot fans to their arena, CNET reports. The fanbots can cheer, chant, and even do the wave, the BBC reports, though their weirdest quirk is probably their ability to display fans' photos on the LED screens they have instead of ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
1

4 days ago

Video: Prabowo Challenges Indonesian Presidential Election Results

Jul 25 2014 1:53pm CDT | Source: Forbes Real Time

In Indonesia, Prabowo Subianto still refuses to accept his failure in the election. His team challenges the results with a legal battle but is unlikely to win. A car bomb in Southern Thailand has killed 3 people outside a hotel. Last in South Korea, the son of the de ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

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

Green spaces impact birth weight positively
London, July 29 (IANS) Where expecting mothers live can also have a bearing on the birth weight of their babies as researchers have found that mothers who live near green spaces deliver babies with significantly higher birth weights.
 
 
What makes you a pessimist?
London, July 29 (IANS) Cannot see thing turning out to be all right? A hyperactive habenula, half the size of a pea in the brain that tracks predictions about negative events, could be the key, a study suggests.
 
 
Russian space 'sex geckos' are safe for now
Moscow, July 29 (IANS) There is good news for the geckos aboard the Russian Foton-M4 space satellite meant to study the effects of microgravity on sex and reproduction.
 
 
This is why dogs sniff each other's butts
New York, July 29 (IANS) You may have witnessed this scene on the road quite often but the answer to why dogs sniff each other's butts is hidden in the chemical communication at the rear end.
 
 
 

Latest from the Network

Shuttlers Srikanth, Gurusaidutt reach Round of 32
Glasgow, July 30 (IANS) Indian shuttlers Kidambi Srikanth and R.M.V. Gurusaidutt won their respective matches to enter the men's singles Round of 32 at the Commonwealth Games here Tuesday. Rising star Srikanth had an...
Read more on Sport Balla
 
India in trouble as England bowlers heap more misery (Roundup)
Southampton, July 29 (IANS) India found themselves in deep trouble, trailing England by 246 runs but but more importantly needing 47 more runs to avoid a follow-on with only two wickets in hand at the end of day three...
Read more on Sport Balla
 
Indian shooters bring home five more medals (Shooting Roundup)
Glasgow, July 30 (IANS) Trigger happy Indian shooters had a gala outing at the Commonwealth Games here Tuesday as they brought in five more medals -- two silvers and three bronzes -- from their respective events with...
Read more on Sport Balla
 
Onerous twin task for India (Analysis)
Southampton, July 29 (IANS/RAY) India have an onerous twin task of having to compile runs and consume time to save the 3rd Test match to maintain their 1-0 lead in the five-Test series. England's first innings total...
Read more on Sport Balla
 
Scoreboard: India vs England, day 3, third Test
Southampton, July 29 (IANS) The following is the day three scoreboard of the third cricket Test between India and England at The Rose Bowl here Tuesday: England (first innings 569/7 declared) India (first innings,...
Read more on Sport Balla
 
100 more killed in Gaza as truce offer hangs in balance (Roundup)
Gaza, July 29 (IANS/EFE) At least 100 Palestinians were killed Tuesday in the heaviest air and ground bombardment by Israeli forces on the Gaza Strip since the launch of Operation Protective Edge July 8 as an...
Read more on Politics Balla
 
India 323/8 in first innings at stumps
Glasgow, July 29 (IANS) India were 323 for eight in the first innings at stumps on the third day of the third cricket Test against England at The Rose Bowl here Tuesday. India skipper Mahendra Singh Dhoni was batting...
Read more on Sport Balla
 
Indian medal winners at 2014 Commonwealth Games
Glasgow, July 29 (IANS) The following is the list of Indian medal winners at the 20th Commonwealth Games: Gold Sanjita Khumukchan: women's 48 kg weightlifting Sukhen Dey: men's 56 kg weightlifting Abhinav Bindra: men'...
Read more on Sport Balla
 
Indian wrestler Tomar settles for silver
Glasgow, July 29 (IANS) Indian wrestler Rajeev Tomar lost the men's 125kg freestyle final match to Canada's Korey Jarvis and settled for the silver medal in the 2014 Commonwealth Games at the Scottish Exhibition and...
Read more on Sport Balla
 
Ashwini fails to enter women's 400m hurdles finals
Glasgow, July 29 (IANS) Indian athlete Ashwini Akkunji failed to qualify for the women's 400 metres hurdles final at the Commonwealth Games here Tuesday. The 26-year-old Ashwini could only manage to finish fifth out...
Read more on Sport Balla