According to Nasdaq.com pledged foreign direct investment hit an 11 year high in 2011. The article, citing statistics from the Ministry of Knowledge Economy, says that foreigners pledged investments amounting to $13.67 billion last year, the highest amount since 2000 when the figure reached $15.3 billion.
Reasons given for the strong performance include Korea’s strong domestic economy, sturdy economic fundamentals and increases in investments from Europe, Japan, and the US. Investments from Europe increased 57.4% to $5.03 billion, investments originating in the US jumped 20.2% to $2.37 billion. Investment from Japan gained 9.6% to $2.28 billion.
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