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FDI trends in Korea and attracting foreign corporate investment in R&D

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Frame of Image s and pro-FDI institutional reforms designed to lure foreign investors has enabled Korea to record a dramatic increase in inward FDI since 1997. While the amount of total inward FDI during the period from 1962 to 1997 was minimal, total FDI during the past seven years alone (1998-2004) tallied more than $79 billion on a notification basis, which is nearly triple the $25 billion posted during the previous 35 years, or about 76 percent of the nearly $104 billion aggregate FDI figure recorded from 1962 to 2004. The results of Korea’s liberalized foreign investment promotion policy were particularly encouraging in the years 1999, 2000 and 2004, as shown in Table 1. By the end of 2000, Korea had posted an annual record of $15.2 billion in foreign direct investment (notification basis), with a cumulative total of 9,403 foreign-invested companies. Such a sharp increase in inbound FDI corresponds with the rise in foreign investor confidence in Korea. In 2000, Korea ranked 18th in the world and third in Asia in terms of FDI inflows, up from 32nd and eighth place, respectively, in 1997. In 2004, the downward trend in FDI inflows since 1999 was sharply reversed. On a notification basis, total FDI performance in 2004 reached $12.8 billion, a whopping increase of 97.4 percent compared to $6.5 billion in 2003. And, the number of foreign-invested companies increased by about 3.7 times from 4,412 companies in 1997 to 16,181 companies in 2004.
Table 1 FDI Trends in Korea, 1962-2004 Year 1962-


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Title FDI trends in Korea and attracting foreign corporate investment in R&D
Similar Titles
Material Type Proceedings
Author(English)

Kim, Wan-Soon

Date 2005
Pages 40
Language English
File Type Documents
Original Format pdf
Subject Economy < Direct Investment
Holding KDI School of Public Policy and Management