Foreign direct investment (FDI) in South Korea rose in single digits in the first quarter of this year due to higher greenfield investment, government data showed on Thursday.
The reported FDI came to 5.63 billion U.S. dollars in the January-March quarter, up 3 percent from the same quarter of last year, according to the Ministry of Trade, Industry, and Energy.
It marked the highest first-quarter amount on higher greenfield investment.
Greenfield investment, which involves factory construction and employment, advanced 13 percent over the year to 4.18 billion dollars in the first quarter.
The merger and acquisition investment was reduced by 16 percent to 1.45 billion dollars in the cited quarter.— Xinhua
