ASEAN - most important investment destination for Korean firms
The Federation of Korean Industries (FKI) said on August 17 that despite the COVID-19 pandemic, investment inflows in ASEAN members states still account for 20.3 percent of the Republic of Korea (RoK)’s outbound investment, making the bloc its most important investment destination.
At a Korean factory in Ba Ria - Vung Tau province (Photo: VNA)
Seoul (VNA)🌸 – The Federation of Korean Industries (FKI)said on August 17 that despite the COVID-19 pandemic, investment inflows in ASEANmembers states still account for 20.3 percent of the Republic of Korea (RoK)’soutbound investment, making the bloc its most important investment destination.
In 2014, the RoK’s investment in the Association of Southeast Asian Nations (ASEAN) reached 16.2percent, surpassing China (12.9 percent). The FKI’s data showed that during the 2016-2020 period, theRoK invested 731 billion USD in ASEAN, up 30.4 percent from 2011-2015.Meanwhile, the figure in China was 698.9 billion USD, up 10.4 percent. It suggested the RoK soon approve the RoK-Cambodia Free TradeAgreement, the RoK-Indonesia Comprehensive Economic Partnership Agreement, andresume commercial flights to major investment countries in the region. According to the FKI, the Korean Government should step up policysupport to make it easier for Korean firms to join infrastructure projects inASEAN member states such as Indonesia and Thailand./.
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At a Korean factory in Ba Ria - Vung Tau province (Photo: VNA) 
