World Economy

S. Korea FDI Surpasses $20b

S. Korea FDI Surpasses $20bS. Korea FDI Surpasses $20b

The amount of foreign direct investment to South Korea exceeded $20 billion this year, with $15 billion having arrived here as of Tuesday, the Ministry of Trade Industry and Energy said Wednesday, NewsNow reported. The most ever investments of $20.43 billion is an increase of 11.2% from that of 2014, while the $15.19 billion that has reached the country is also a 28.6% jump during the same period. The authorities credited the Korea-China free trade agreement as the largest contributor. The pact, signed was June and came into effect on Dec. 20.