Urgent.News

What's breaking now, across thousands of outlets.

World

S. Korea's overseas direct investment up 32 pct in Q2

SEOUL, Sept. 29 (Yonhap) -- South Korea's overseas direct investment rose 32.3 p...

S. Korea's overseas direct investment up 32 pct in Q2

Korea's overseas direct investment experienced a significant increase of 32.3 percent in the second quarter of 2026 compared to the same period in 2025, according to data released on Tuesday. The financial and communication sectors played a major role in this growth, with investment in these areas totaling $20.52 billion for the April-June period, up from $15.5 billion in the corresponding quarter of the previous year.

The Ministry of Finance and Economy reported that investment in the financial and insurance industry surged by 33.4 percent, reaching $10.48 billion. This sector saw a substantial boost, likely driven by Korean businesses striving to diversify their global portfolios. Meanwhile, investment in manufacturing grew by 3.2 percent on-year to $3.57 billion, while the information and communication sector saw an impressive tripling of investment to $2.73 billion.

When it comes to destinations, the United States emerged as the top recipient of Korea's overseas direct investment, with a remarkable 53.6 percent increase to $8.86 billion. Japan followed closely with investment amounting to $2.46 billion, a substantial rise from $300 million a year earlier. Luxembourg also saw a notable uptick, with investment growing by 14.2 percent to $1.59 billion.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at en.yna.co.kr →

More in World

China's Wang tells ex-Japan minister bilateral ties need to be normalized

BEIJING (Kyodo) -- China's top diplomat Wang Yi on Monday told former Japanese Foreign Minister Takeshi Iwaya in Beijing that bilateral ties currently

  • China's Wang Yi stresses need to normalize ties, calls current situation dire
  • Japan delegation aims to mend deteriorating relations amid diplomatic standoff
  • Wang highlights 80th anniversary of International Military Tribunal for the Far East

Chinese team sets world record with swarm of 116 underwater drones

A Chinese team has set a world record for the most autonomous underwater drones operating at the same time, deploying more than a hundred of the small robots in a swimming pool test. The Guinness World Record for “most autonomous underwater vehicles operating simultaneously” was set by a team from Northwestern Polytechnical University in…

More from Tuesday 29 September →