The Magazine for Asian Investors
South Korea’s Ministry of Trade, Industry, and Energy announced today (April 7) that foreign direct investment (FDI) in South Korea rose 14.9% year on year in the first quarter of 2022. A record-high compared to the first quarter of any other year.
FDI in South Korea reached $5.45 billion in 1Q22, up from $4.74 billion in the same period last year.
South Korea’s Ministry of Commerce for Industry and Energy said that South Korea’s FDI performance is good amid global investment uncertainty, such as the Ukraine crisis and high oil and commodity prices.
FDI in manufacturing totaled $1.64 billion, nearly quadrupling from a year earlier, as more people invest in food, equipment, and semiconductors.
However, FDI in services fell 9.4% to $3.77 billion in 1Q22, with a high year-on-year comparison base.
FDI from the U.S. totaled $870 million in 1Q2002, up 284.7% year-on-year, while FDI from China, Hong Kong, Singapore, Taiwan, and Malaysia increased 39% to $1.19 billion in the same period.
However, investment from the European Union (EU) and the United Kingdom fell 81.3% to $580 million.