Foreign direct investments in Korea hit a record $34.57 billion in 2024

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Foreign direct investments in Korea hit a record $34.57 billion in 2024 - Korea Economic Daily

Quick Summary:

Investment commitments from Japan soared 375.6% to $6.12 billion while those from China surged 266.1% to $5.79 billion.“At a time when global production networks are being restructured, South Korea, with its robust manufacturing base and extensive free trade agreement network, is emerging as a kind of safe trade route,” said Jeong In-gyo, deputy trade minister.

FDI pledges to Korea reached $34.57 billion last year, hitting a fresh record high for the fourth consecutive year, amid global economic uncertainties, including the US presidential election, the ministry said.

SIGNIFICANT INVESTMENT GROWTH FROM JAPAN, CHINABy country, fresh investment pledges from the US reached $5.24 billion in 2024, down 14.6% from a year earlier, while investment pledges from the European Union fell 18.1% to $5.1 billion.