S. Korea to hold fair to lure more Chinese capital

The South Korean government is scheduled to hold an investor relations session in Beijing later this week in a bid to lure more Chinese capital, a South Korean diplomat said Monday.

Kwon Pyung-oh, deputy minister in charge of trade and investment at South Korea's Ministry of Trade, Industry & Energy, will lead the one-day fair on Friday, he said.

Direct South Korean investment in China jumped 29.8 percent from a year ago to US$3.97 billion in 2014, according to figures released by China's commerce ministry last week.

Meanwhile, direct investment in South Korea by Chinese companies, excluding those in Taiwan and Hong Kong, also soared by about 2.3 times from a year earlier to $1.03 billion in the first nine months of last year, according to the South Korean ministry. (Yonhap)