SEOUL — Foreign direct investment (FDI) pledges rose 4.6 percent year on year to record USD 13.67 billion for 2011.
Despite the euro zone crisis and credit downgrades in the United States and Japan, investment from advanced nations soared. Investment from the European Union, the United States and Japan increased 57.4 percent, 20.2 percent and 9.6 percent, respectively.
In the service sector, including finance and insurance, distribution and business services gained 15.4 percent year on year while FDI in the manufacturing sector declined 15.1 percent.
FDI through mergers and acquisitions stagnated while Greenfield investments increased 5.8 percent on the back of the Korea-EU FTA and the resulting business-friendly environment.
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