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Wednesday, July 24, 2024

Attractive sector for Korean investment

By Thuy Le

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The finance sector, with lots of potential for exploration and development, would possibly continue to attract South Korean capital in the upcoming years. Leading foreign investor Data from the General Statistics Office showed that the total South Korean investment, including fresh registered capital and adjusted capital, in the first five months of 2023 reached US$553.8 million, ranking sixth among countries and territories with the largest investments in Vietnam in the period. However, in terms of adjusted capital, with more than US$341 million, South Korea ranked second after China. Further, despite a slowdown in foreign direct investment (FDI) activity, figures from the Foreign Investment Agency under the Ministry of Planning and Investment indicate that South Korean investment has always achieved breakthroughs over the past several years. South Korea is currently the top foreign investor in Vietnam with 9,666 projects worth a combined US$81.5 billion. Leading South Korean multinationals, such as Samsung, LG, SK, Hyundai, Hyosung, CJ, Lotte and SK Group, have been present in Vietnam for years. Samsung has invested US$18 billion and opened Southeast Asia’s largest R&D center in Vietnam. Besides the leading FDI, indirect investment from South Korea over the past years has also gained strength, especially in the […]
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