SEOUL: Foreign direct investment (FDI) plans received by South Korea fell in the third quarter (3Q) for a fourth consecutive quarter, government data showed on Wednesday, Oct 6.
The country was unlikely to meet its initial FDI target for this year as slow global economic recovery had made investors reluctant to make big investments, an official at the Ministry of Knowledge Economy said.
Asia's fourth-largest economy received FDI investment pledges totalling US$2.93 billion (RM9.05 billion) during the July-September period, down 13.1% from a year earlier, the ministry said in a statement.
That compared with a US$2.79 billion in the second quarter and a US$1.54 billion in the first.
The ministry said FDI for the year would be higher than US$11.4 billion in 2009.
But a ministry official told Reuters it would be difficult to meet the government's initial target of US$13 billion. ' Reuters
The country was unlikely to meet its initial FDI target for this year as slow global economic recovery had made investors reluctant to make big investments, an official at the Ministry of Knowledge Economy said.
Asia's fourth-largest economy received FDI investment pledges totalling US$2.93 billion (RM9.05 billion) during the July-September period, down 13.1% from a year earlier, the ministry said in a statement.
That compared with a US$2.79 billion in the second quarter and a US$1.54 billion in the first.
The ministry said FDI for the year would be higher than US$11.4 billion in 2009.
But a ministry official told Reuters it would be difficult to meet the government's initial target of US$13 billion. ' Reuters
No comments:
Post a Comment