The Republic of Korea (RoK)'s overseas direct investment rose sharply in the second quarter from a year earlier as investors focus on offshore investment in the manufacturing and financial sectors, the RoK government’s data shows.
Seoul (VNA) – The Republic of Korea (RoK)'soverseas direct investment rose sharply in the second quarter from a yearearlier as investors focus on offshore investment in the manufacturing andfinancial sectors, the RoK government’s data shows.
According to Yonhap news agency, investments made by RoK companies in othercountries totalled 12.96 billion USD in the April-June period, compared to 10.3billion USD a year ago, said the data compiled by the finance ministry. This isalso a 33.2 percent on-quarter jump.
The data showed investment in the US, thebiggest investment destination for Korean money, increased 4.7 percent on-yearto 3.62 billion USD in the second quarter, while the figure for China soared87.3 percent to 1.21 billion USD over the cited period.
By sector, offshore investments in the financialand insurance sector more than doubled to reach 5.43 billion USD, while thoseallocated to the overseas property sector spiked 64.3 percent to 1.95 billionUSD, the latest findings showed.
The comparable figure for the manufacturingsegment also spiked 120 percent to 4.1 billion USD, they showed.-VNA
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Illustrative photo (Source: yonhapnews.co.kr) 
