1 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

Full Story below 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

 

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

Verizon 1Q profit surges on Vodafone-related gains
NEW YORK (AP) — Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit. The largest U.S. cellphone carrier on Thursday posted a 23 percent profit increase in its...
 
 
China set to punish web giant Sina for pornography
BEIJING (AP) — China plans to revoke two crucial publication licenses for Sina.com, which might partially ban the web giant's operations, because obscene content was found during an anti-pornography crackdown, state...
 
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
 
 
BTG Option Launches Its Brand-New Trading Platform
BTG Option Launches Its Brand-New Trading Platform
BTG Option has changed management and has completely re-designed its binary options trading site. Its new and improved trading platform provides a unique trading experience, allowing traders to utilize various financial instruments while trading on a wide range of underlying assets from across all global markets. The site will be providing special offers and luxury terms & bonuses within the near future, alongside a range of helpful trading tools.
 
 
 

Latest from the Network

E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
Read more on Business Balla
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
Read more on Auto Balla
 
E-Z Rent-A-Car Celebrates 20 Years with Brand New Website and Giveaways
Orlando, FL, April 24, 2014 --(PR.com)-- E-Z Rent-A-Car has been providing travelers with the best value in current model year rental cars and customer service since 1994. This year, E-Z Rent-A-Car is celebrating its...
Read more on Ad Balla
 
Simon Cowell teaches son mischief
Simon Cowell has taught his son to stick his tongue out. The 54-year-old music mogul dotes on two-month-old Eric - his first child with girlfriend Lauren Silverman - but has already been teaching him some mischievous...
Read more on Celebrity Balla
 
BTG Option Launches Its Brand-New Trading Platform
London, United Kingdom, April 24, 2014 --(PR.com)-- A valuable addition to the trading arena. BTG Option has recently launched its brand-new trading platform, creating a buzz throughout the entire trading community...
Read more on Business Balla
 
In The Battle For Streaming Supremacy Between Amazon and Netflix, The Only Winner Is The End-User
Yesterday, Amazon struck a major blow against competitor Netflix by announcing it had nabbed exclusive rights to the majority of HBO’s back-catalog of series including The Wire and The Sopranos. Under the new deal,...
Read more on Business Balla
 
The Creative Force Behind The World's Most Important Causes
“It is our belief that the most powerful way to solve the grand challenges of our time, is to operate at the very intersection of purpose and business. To apply the ingenuity, innovation and scalability that let the...
Read more on Business Balla
 
Three Ways To Sell Your Business For Top Dollar
The following guest post is by David Ryan, founder and managing member of Upton Financial Group, an advisory firm specializing in business value strategies and solutions. Many business owners wait years to sell their...
Read more on Business Balla
 
Apple's iPhone Generated Great Results And A Solid Outlook
There weren’t many holes in Apple’s March quarter results. Revenue of $45.6 billion increased 5% year over year and was nicely above the high end of the $42 to $44 billion guidance range. Gross margin was even better at...
Read more on Business Balla
 
Apple's Moves Make The Stock Look Better, But Is It Worth More?
Apple just announced that it plans to split its stock, 7-for-1. Is that impressive or what? But wait, that’s not all! It also plans to repurchase $90 billion of its stock. Impressed even more? But that’s still not all!...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla