The Ministry of Trade, Industry and Resources on July 3 said foreign direct investment pledged in the first half of the year reached USD 14.28 billion, up 9.1% year on year. (iClick) *This photo is protected under copyright law and unauthorized reproduction and redistribution are strictly prohibited.

By Yoo Yeon Gyeong

Foreign direct investment (FDI) reported in the first half of this year reached USD 14.28 billion, up 9.1% from the same period last year.

The Ministry of Trade, Industry and Energy on July 3 also said FDI inflow into the country surged 42.6% to USD 10.73 billion.

Despite a global investment slowdown triggered by instability in the Middle East, the ministry said Korea's rise in investment is considered to reflect the strong sentiment of global investors toward the Korean economy.

Backed by confidence in domestic high-tech supply chains and innovation ecosystem, new investments have kept flowing into promising sectors such as semiconductors, displays and autonomous robots.

The ministry pledged to actively foster a stable investment environment by expanding communication with foreign investors and strengthening incentive programs.

dusrud21@korea.kr