S Korea’s FDI posts double-digit growth in Q2

6th September, 2018 09:25:55 printer

SEOUL: South Korea’s direct overseas investment posted a double-digit expansion in the second quarter on surging investment in manufacturing industries, a government report showed Thursday.

Direct overseas investment reached 12.96 billion U.S. dollars in the April-June quarter, up 25.8 percent from a year earlier, according to the Ministry of Economy and Finance.

It was the biggest increase in five quarters, turning around in three quarters, reports Xinhua.

Investment in the overseas manufacturing industry soared 235.7 percent over the year to 4.98 billion U.S. dollars in the June quarter as local chipmakers increased mergers and acquisitions overseas.