Korea’s OFDI, Q2 2024
(US $billion, %, y-o-y)
|
Korean OFDI |
2022 |
2023 |
2024 |
|
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
Q2 |
Q3 |
|
Amount invested |
28.25 |
19.85 |
18.48 |
15.10 |
17.70 |
16.10 |
15.09 |
16.28 |
16.37 |
15.93 |
14.19 |
|
Change (%) |
147.9 |
16.6 |
5.2 |
-51.2 |
-37.3 |
-18.9 |
-18.4 |
7.8 |
-7.5 |
-1.1 |
-6.0 |
Korea’s OFDI by industry
(US $100 million, %, y-o-y)
|
Korean OFDI |
Finance and insurance |
manufacturing |
Mining |
Information and Communication |
Real estate and renting |
|
Q3, 2023 |
70.3 |
50.0 |
4.9 |
2.0 |
9.3 |
|
Q3, 2024 |
60.6 |
39.7 |
12.9 |
8.5 |
6.4 |
|
Change (%) |
-13.7 |
-20.7 |
161.8 |
314.6 |
-30.5 |
Korea’s OFDI by region
(US $100 million, %, y-o-y)
|
Korean OFDI |
North America |
Europe |
Asia |
Latin America |
Oceania |
Middle East |
Africa |
|
Q3, 2023 |
78.1 |
28.7 |
22.1 |
19.2 |
1.6 |
0.4 |
0.8 |
|
Q3, 2024 |
51.3 |
36.0 |
29.2 |
21.3 |
3.2 |
0.5 |
0.4 |
|
Change (%) |
-34.4 |
25.5 |
31.8 |
11.1 |
100.4 |
28.7 |
-53.7 |
Korea’s OFDI by country
(US $100 million, %, y-o-y)
|
Korean OFDI |
U.S. |
Cayman Islands |
Luxemburg |
Canada |
Poland |
|
Q3, 2023 |
68.5 |
14.2 |
12.8 |
9.6 |
0.3 |
|
Q3, 2024 |
37.9 |
16.6 |
14.1 |
13.3 |
5.7 |
|
Change (%) |
-44.6 |
17.3 |
9.7 |
38.7 |
1,965.3 |
In the third quarter of 2024, Korea’s Outbound Foreign Direct Investment (FDI) amounted to $14.19 billion, which have contracted presumably due to a combination of factors, including global economic uncertainties, persistent high interest rates, and geopolitical risks. Regionally, investment in the mining sector increased compared to the same period last year, particularly in North America, driven by rising demand for resources. In addition, investment in European regions, including Poland, has shown an upward trend compared to the previous year.
Going forward, the government will be committed to strengthening communication and cooperation with major investment destination countries to ensure that Korean companies operating abroad can manage their business in a stable environment, amid heightened geopolitical and geo-economic risks in the international arena.
Please refer to the attached files.
