S. Korea's service sector investment focused on wholesale, retail, restaurants
Jan 1, 2018
South Korea's investment in the service sector has been focused on low value-added areas, such as wholesale, retail and restaurants, official data showed Monday.The gross fixed capital formation for the service sector was tallied at 256.1 trillion won ($239.6 billion) in 2015, the findings by the Bank of Korea and the National Assembly Budget Office showed. This represents a solid 13.9 percent increase to 224.8 trillion won reported in 2006. The GFCF refers to the net increase in assets that tak