South Korea attracted a record high foreign direct investment of USD 5.45 billion for the first three months this year, according to government data on Apr. 7. The first-quarter investor-reported FDI figure is up 14.9 percent compared to the same period last year and the highest ever for the January-March period. The FDI based on arrival in the country amounted to USD 4.33 billion, down 2.6 percent on year but second largest on record following USD 4.45 billion tallied in the first quarter 2021. In terms of FDI cases, the figure amounted 830 cases based on report in the quarter, up 28.9 percent on year, and 633 based on arrival, up 16.1 percent.
By industry, FDI in the manufacturing sector jumped 267 percent on year to reach USD 1.64 billion, making up 30 percent of the total in the first quarter. FDI in food manufacturers surged 594.1 percent, machinery and equipment makers 487.0 percent, transportation equipment makers 98.1 percent and semiconductor makers 370.7 percent. By country of origin, investors from the U.S. committed USD 870 million, up 284.7 percent on year. Investment reported by investors from China and Hong Kong rose 39.0 percent on year to USD 1.19 billion and from Japan up 94.6 percent on year to USD 480 million.
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