Investors Flock To South Korea Despite Downturn

Law360, New York (August 25, 2009, 3:08 PM EDT) -- Despite the global economic meltdown, South Korea is increasingly becoming a hotbed for direct foreign investment, which reportedly totaled $6.79 billion in the first seven months of this year.

South Korea’s Ministry of Knowledge Economy said foreign investment in Asia's fourth-largest economy had shot up by 32.4 percent from the same period last year, the Yonhap News Agency reported Monday.

The government said the amount represented the largest foreign direct investment total in the first seven months since 2000, when the figure reached $7.4 billion, Yonhap...
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