Foreign investments in South Korea jump over 40 pct

SEOUL, Nov. 24 (Yonhap) -- Foreign investment in South Korea has jumped over 40
percent so far this year in a turnaround from recent years despite a global
economic slowdown, the government said Monday.

The Knowledge Economy Ministry estimated that foreign direct investments (FDI) in
South Korea exceeded US$10 billion as of Nov. 18, up 42 percent from the same
period a year earlier.
The ministry said that it aims to lure as much as $12 billion of FDI by the end
of this year.
The upturn would follow three consecutive years of declines in foreign
investments. In 2004, FDI in South Korea stood at $12.79 billion before falling
to $11.57 and $11.24 billion in the following two years.
Last year, the corresponding figure was $10.51 billion, according to the ministry.
kokobj@yna.co.kr
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