360° Coverage : South Korea's overseas investment falls

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South Korea's overseas investment falls
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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...

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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

8 hours ago

Samsung’s engineering and shipbuilding firms to merge

Sep 1 2014 10:19am CDT | Source: Business Day

Latest step in restructuring at South Korea’s largest conglomerate will see Samsung Heavy Industries absorbing Samsung Engineering for over $ ...
Source: Business Day   Full article at: Business Day
 

 
Update
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13 hours ago

Samsung Makes Next Restructuring Move

Sep 1 2014 5:22am CDT | Source: WSJ.com: Asia Home

In the latest of a series of restructuring moves among Samsung Group companies, the shipbuilding and engineering businesses of South Korea's ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
9

15 hours ago

Samsung to Merge Shipbuilding, Engineering Units Amid Revamp

Sep 1 2014 3:25am CDT | Source: Topix

Samsung Group, whose billionaire chairman has been hospitalized since May, will merge its shipbuilding and engineering units as South Korea's largest conglomerate prepares for possible ...
Source: Topix   Full article at: Topix
 

 
Update
8

19 hours ago

Samsung to merge shipbuilding, engineering units

Aug 31 2014 10:52pm CDT | Source: The Standard: China's Business Newspaper

The shipbuilding and engineering units of South Korea's Samsung group said Monday they would merge, as the family-run giant gears up for gener ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
7

3 days ago

South Korea's Kim leads Portland Classic

Aug 29 2014 2:00pm CDT | Source: The Nation - Pakistan

PORTLAND - South Korea's Kim In-Kyung fired a bogey-free seven under 65 to take a one-stroke lead after the first round of the LPGA Tour's Portland Classic. Kim used a string of four straight birdies on the back nine to record her lowest round of the season by two strokes. "I hit the ball well and made some putts coming down. This is a really good golf course," Kim said. "You ha ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
5

3 days ago

Cheerleading for Kim Jong Un

Aug 29 2014 10:54am CDT | Source: BusinessWeek

Japan's former wrestling champ Antonio Inoki is leading a delegation to North Korea to see a pro wrestling match, while North Korea's famed cheerleading squad won't be going to a competition i ...
Source: BusinessWeek   Full article at: BusinessWeek
 

 
Update
4

3 days ago

NKorea yanks cheerleaders for Asian Games

Aug 28 2014 10:55pm CDT | Source: The Standard: China's Business Newspaper

North Korea said Friday it won't send cheerleaders to the upcoming Asian Games in rival South Korea, blaming what it called Seoul's hostility f ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
3

4 days ago

Japan Suspends Tokyo Ops of Kookmin Bank

Aug 28 2014 6:54am CDT | Source: WSJ.com: Asia Home

Japan's financial watchdog orders Kookmin Bank to suspend part of its operations in Tokyo, citing issues with risk management, the latest trouble to h ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
2

4 days ago

Samsung and LG unveil new smartwatches

Aug 28 2014 2:27am CDT | Source: The Standard: China's Business Newspaper

South Korea's Samsung and LG unveiled new smartwatches Thursday with upgraded functions and design as they step up their drive to lead an ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
1

4 days ago

South Korea's Samsung and LG unveil new smartwatches

Aug 28 2014 2:01am CDT | Source: Business Insider

Seoul (AFP) - South Korea's Samsung and LG unveiled new smartwatches Thursday with upgraded functions and design as they step up their drive to lead an increasingly competitive market for wearable devices.The "Gear S" is Samsung's first smartwatch able to make stand-alone phonecalls with built-in 3G alongside Bluetooth and WiFi connectivity.Users can make and receive calls directly from their wrist, ...
Source: Business Insider   Full article at: Business Insider
 

 

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<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.

 

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