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

 
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11

9 hours ago

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WASHINGTON- The commander of U.S. forces in South Korea said he believes Pyongyang has the capability to build a nuclear warhead that can be mounted on a ballistic missile. Army General Curtis Scaparrotti said he thought North Korea's connection with Iran and Pakistan meant it probably had access to the expertise needed to miniaturize an ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
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1 day ago

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SEOUL, South Korea – South Korea’s second-largest carmaker Kia Motors Corp. says its third-quarter income plunged 27 per cent from a year earlier as a stronger won dented profit. Kia said Friday its July-September net income fell to 657.4 billion won ($621 million) from 903.3 billion won a year earlier. From the previous quarter, the bottom line sank 36 per cent. Revenue inched down 2 per cent to 11.5 trillion won while operating income fell 19 ...
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Update
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1 day ago

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Update
8

1 day ago

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Oct 23 2014 10:34pm CDT | Source: Canadian Business Online

SEOUL, South Korea – South Korea’s economic growth slowed to 3.2 per cent in the third quarter, the lowest in five quarters, as weakness in exports and spending by companies offset the boost from government stimulus. The Bank of Korea said Friday that Asia’s fourth-largest economy slowed from 3.5 per cent growth in the April-June quarter. Capital expenditure contracted 0.8 per cent from the previous quarter and exports turn ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
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Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
5

1 day ago

Kia posts sharp Q3 profit decline

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South Korea's number two automaker, Kia Motors, reported Friday a 27.2 percent on-year plunge in net profit for the third q ...
Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
4

2 days ago

Hyundai Motor’s profit drops 28 per cent as appreciation of local currency weighs

Oct 23 2014 12:52am CDT | Source: Canadian Business Online

SEOUL, South Korea – Hyundai Motor Co. says profit sank nearly 30 per cent for the July-September quarter, hurt by a stronger South Korean currency. South Korea’s largest carmaker said Thursday third quarter net income of 1.6 trillion won ($1.5 billion) was down 28 per cent from 2.3 trillion won a year earlier. Sales rose 2 per cent to 21.3 trillion won. Hyundai said it sold 3.62 million vehicles during the first nine months of the year, 4 per cent higher ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
3

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Update
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4 days ago

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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
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Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

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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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