[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
South Korean Inc.’s offshore direct investment in the first quarter shrank 28 percent against a year-ago period when Samsung Electronics Co. signed a $8 billion deal to take over U.S. automotive electronics maker Harman International.
According to data released by the Ministry of Strategy and Finance on Tuesday, Korea’s remittance for foreign direct investment in the first three months this year amounted $9.61 billion, down 28.3 percent frm the same period last year when the figure reached a record high of $13.4 billion.
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Have a nice day.