South Korea Sees Spike in Foreign Direct Investment From China, Others
Foreign direct investment coming into South Korea during the third quarter of 2020 rose by more than 40% compared with the same time last year, the country’s Ministry of Trade, Industry and Energy said Oct. 13. South Korea said the…
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numbers reached a “record-high” amount for the third quarter as the country saw spikes in investment from China and other Asian regions, including Hong Kong, Singapore, Taiwan and Malaysia. The investments from those countries, which rose by about 50% from the previous year, targeted parts and research and development in “high-tech materials,” South Korea said. Meanwhile, U.S. direct investment into South Korea fell about 20%. The U.S. has stressed more stringent investment screening mechanisms with its trade partners, particularly against China (see 2002260042).