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South Korea Q1 Foreign Direct Investment Jumps 17%

Foreign direct investment (FDI) in South Korea climbed 17 percent year-on-year in the first quarter of 2012, the Ministry of Knowledge Economy said Thursday.

The pledged FDI totaled $2.34 billion in the March quarter, up from $2 billion in the first quarter of 2011. Yonhap new agency reported that this was the largest sum since the first quarter of 2008.

The increase was led by manufacturing sector investments from Europe and Japan, the government report said.

by RTTNews Staff Writer

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