World Economy

S. Korea Investment in China

S. Korea Investment in ChinaS. Korea Investment in China

South Korean companies’ investment in China reached an eight-year high in 2014 amid their growing interest in the world’s second-largest economy following the conclusion of a bilateral free trade deal, data showed Sunday, NewsNow reported. South Korean firms invested a combined $3.97b in China last year, up 29.7% from the previous year, according to the data by the Beijing office of the Korea International Trade Association. The amount accounted for 3.3% of overall foreign direct investment in China, up from 2.6% a year earlier. As of the end of last year, South Korean companies’ cumulative investment in China stood at $59.82b.