SEOUL, Sept. 19 (Xinhua) -- South Korea's overseas direct investment kept falling in the second quarter on the back of soft demand for investment in the manufacturing, real estate, information and communications sectors, government data showed Friday.
Overseas investment through the purchase of foreign stocks and the establishment of foreign offices tumbled 13.4 percent from a year earlier to 14.15 billion U.S. dollars in the April-June quarter after sliding 5.3 percent in the prior quarter, according to the Ministry of Economy and Finance.
Overseas investment in the manufacturing industry dipped 9.1 percent to 3.53 billion dollars, with those in the real estate and information and communications industries plunging in double digits to 710 million dollars and 750 million dollars each.
Investment in the finance and insurance sector jumped 18.9 percent to 6.63 billion dollars in the second quarter.
Direct investment in North America and Asia declined in double figures to 5.54 billion dollars and 3.17 billion dollars each, but investment in Europe soared 44.4 percent to 3.11 billion dollars. ■
