RoK's overseas direct investment sinks in first quarter of 2018
The Republic of Korea's overseas direct investment plunged in the first quarter from a year earlier due to a base effect, according to the data compiled by the RoK’s Ministry of Strategy and Finance.
The Republic of Korea's overseas direct investment plunged in the first quarter from a year earlier due to a base effect, according to the data compiled by the RoK’s Ministry of Strategy and Finance (Photo: Yonhap)
Hanoi (VNA) – The Republic of Korea's overseas direct investmentplunged in the first quarter from a year earlier due to a base effect, accordingto the data compiled by the RoK’s Ministry of Strategy and Finance.
Investments made by RoK companies in othercountries totalled 9.61 billion USD in the January-March period, compared with 13.4billion USD a year ago, the RoK’s Yonhap news agency cited the source. This isalso a 5.2 percent on-quarter slump.
During the first quarter of last year, massive overseas takeovers by RoK firmsled a sharp increase in direct investment.
The data also showed that investment into the US, the biggest investmentdestination for the RoK’s money, declined 75.6 percent on-year to 1.85 billion USDin the first quarter, while the figure for Vietnam more than doubled to 1.08billion USD over the reviewed period.
By sector, offshore investments in thefinancial and insurance sector rose 20.9 percent on-year to reach 3.21 billionUSD, while those allocated to the overseas property sector spiked 48.2 percentto 1.1 billion USD.-VNA
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The Republic of Korea's overseas direct investment plunged in the first quarter from a year earlier due to a base effect, according to the data compiled by the RoK’s Ministry of Strategy and Finance (Photo: Yonhap) 
