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

Oregon splits the difference on Ambre coal grants

Aug 22 2014 4:58pm CDT | Source: Business Journal of Portland

It's been quite a week on Oregon's coal export front. Friday, the Oregon Transportation Commission awarded more than $40 million in Connect Oregon grants to fuel transportation projects. But the awards cut both ways for Ambre Energy's controversial Morrow Pacific Project to export coal mined in the Powder River Basin to South Korea via the Columbia River. The commission OK'd one grant associated ...
Source: Business Journal of Portland   Full article at: Business Journal of Portland
 

 
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SEOUL, South Korea (AP) — Kim Min-koo has an easy reply to new American research that hits South Korea where it hurts — in the noodles. Drunk and hungry just after dawn, he rips the lid off a bowl of his beloved fast food, wobbling on his feet but still defiant over a report that links Read More...The post Noodles: Friend or foe? South Koreans defend diet appeared first on Chronicle-Telegram.Click here to read this story on The Chronicle-Telegram. ...
Source: Elyria Chronicle-Telegram   Full article at: Elyria Chronicle-Telegram
 

 
Update
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1 day ago

Hyundai Union Workers to Stage Partial Strike

Aug 21 2014 6:25am CDT | Source: WSJ.com: Asia Home

Unionized workers at Hyundai Motor decided to partially walk off the job Friday, threatening to disrupt output at South Korea's largest auto maker for a third straight yea ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
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6 things you need to know about South Korea

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IT’S one of the hottest destinations in the world right now and there are some rather unexpected things you should know befor ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
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2 days ago

North Korea sends some of its best tanks to Chinese border amid fears Beijing will ‘betray’ Kim Jong Un: report

Aug 20 2014 1:11pm CDT | Source: National Post

TOKYO — North Korea has transferred one of its newest and most modern armoured units to the border with China, in the latest indication of the depth of the rift between the two erstwhile allies. An estimated 80 tanks of the 12th Corps of the North Korean People’s Army have been reassigned to Ryanggang Province, a strategically important frontier region that shields North Korea’s east coast ports, including Wonsan. South Korea’s Chosun Ilbo newspaper reported that no tank units had previously be ...
Source: National Post   Full article at: National Post
 

 
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Aug 19 2014 9:05pm CDT | Source: WSJ.com: Asia Home

South Korea's LG Chem has secured a deal worth hundreds of millions of dollars to supply electric vehicle ba ...
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Update
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3 days ago

Duke University: Coal exports can reduce emissions

Aug 19 2014 11:42am CDT | Source: Business Journal of Portland

Duke University has a timely report in light of a decision in Oregon Monday that could halt Ambre Energy’s Morrow Pacific Project, which is designed to export 8.8 million tons of U.S. coal to Asia by way of the Columbia River. The Durham, N.C., university reports that exporting U.S. coal to South Korea could actually reduce greenhouse gas emissions by 21 percent. The study used Ambre Energy’s Morrow Pacific Project as its export scenario. Under the right circumstances, the Duke team said exp ...
Source: Business Journal of Portland   Full article at: Business Journal of Portland
 

 
Update
3

4 days ago

Pakistani students win Korean praise

Aug 18 2014 2:00pm CDT | Source: The Nation - Pakistan

ISLAMABAD - A delegation of young students of Pakistani universities from all over the country recently visited South Korea under an exchange programme introduced by the Government of Korea in collaboration with two well-known universities of South Korea, Dongshin University and Semyong University.  Undergraduate students from 42 countries were sel ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 
Update
2

5 days ago

The Pope's North Korea Plea

Aug 17 2014 9:26pm CDT | Source: WSJ.com: Asia Home

Pope Francis capped his five-day visit to South Korea with prayers for peace and reconciliation on the divided peninsula, words that are likely t ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
Update
1

5 days ago

Pope pushes dialogue with Asian nations like China

Aug 17 2014 2:00pm CDT | Source: The Nation - Pakistan

HAEMI, South Korea : Pope Francis on Sunday championed a “creative” Catholicism in Asia that reflects the region’s diversity, and urged countries like China and North Korea to respond by fostering a proper dialogue with the Vatican. In a speech to Catholic bishops from 22 Asian countries, the pope said the Church had no choice but to adapt when com ...
Source: The Nation - Pakistan   Full article at: The Nation - Pakistan
 

 

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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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