According to the latest report, Trade and Energy of South Korea pointed out that according to the declared contract value, the foreign direct investment attracted by South Korea in the first quarter of 2022 was 5.45 billion US dollars, an increase of 14.9% year-on-year; the actual foreign investment in place was 4.33 billion US dollars, a year-on-year decrease of 2.6%.
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Moreover, the manufacturing industry was 1.64 billion US dollars, a year-on-year increase of 267%. Among them, investment in food (594.1%), mechanical equipment and medical precision instruments (487%), transportation machinery (98.1%), and semiconductors (370.7%) increased significantly.
In March, data from South Korea’s Ministry of Trade, Industry, and Energy reported that South Korea’s exports of semiconductor products hit a record high of $13.12 billion. In addition to semiconductor products, South Korean petrochemical exports also hit a new record in March. South Korea’s petrochemical exports totaled $5.42 billion in March, data from South Korea’s Ministry of Trade, Industry and Energy showed.
Moreover, South Korea’s overall exports also hit a new high in March, driven by record exports of semiconductors and petrochemicals. South Korea’s Ministry of Trade, Industry, and Energy data showed that South Korea’s exports in March were US$63.48 billion, an increase of US$9.79 billion from US$53.69 billion in the same period last year.
The export value of US$63.48 billion in March was the highest monthly export value of South Korea since the relevant data was released in 1956. The previous highest month was in December last year when the monthly export value was US$60.7 billion.
