US direct investment in South Korea fell last year for the first time since the 2008 financial crisis, central bank data showed Monday.
The US direct investment in South Korea totaled $33.9 billion last year, down 1 percent from $34.2 billion a year ago, according to the data compiled by the Bank of Korea.
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(Yonhap) |
It marked the first time that the US direct investment here decreased since 2008, when it plunged 8.1 percent.
In comparison, outstanding foreign investments in Asia's fourth-biggest economy came to $961.3 billion at the end of last year, up 2.3 percent from a year earlier.
Meanwhile, South Korea's outstanding overseas investments, excluding its foreign reserves, stood at $868.6 billion at the end of 2016, up 11.9 percent on-year.
Among them, South Korea's investments in the US came to $244.8 billion, up 23.2 percent during the same period.
The European Union was South Korea's No. 2 investment destination with a total of $139.1 billion, followed by Southeast Asia standing at $137.6 billion and China with $123.6 billion. (Yonhap)
