S. Korea's overseas direct investment barely rises in Q1
SEOUL, April 27 (Yonhap) -- Overseas direct investment by South Korean companies and individuals barely rose in the first three months of the year from a year earlier as investments in retail, telecommunications and the mining industry fell, a government report showed Friday.
The nation's overseas investment was tallied at US$3.84 billion in the first quarter, up 0.4 percent from $3.83 billion a year earlier, according to the report by the Ministry of Finance and Economy.
The pace of year-on-year growth was slow due to lower investment in real estate, mining and telecommunications, the report showed. South Koreans invested relatively less in those industries this year after putting in lump-sum money in the same period last year.
South Korean investment in foreign real estate dropped 21.3 percent to $480 million, while that in telecommunications plunged 97.3 percent to $10 million.
