Seoul: The Republic of Korea's overseas direct investment experienced a 13.4 percent decline in the second quarter compared to the same period last year, as reported by the finance ministry on Friday.
According to Emirates News Agency, data compiled by the Ministry of Economy and Finance indicated that Korean companies' overseas direct investment amounted to US$14.15 billion during the April-June period, down from $16.34 billion in the previous year.
Investment in the overseas financial and insurance industries saw an 18.9 percent increase, reaching $6.63 billion in the second quarter. In contrast, investment in the overseas manufacturing sector decreased by 9.1 percent, totaling $3.53 billion.
North America emerged as the leading recipient of Korea's overseas investment, attracting $5.54 billion. Asia followed with $3.17 billion, and Europe received $3.11 billion in investments, as stated by Yonhap News Agency.