Most FDI goes straight to Seoul, NPAD lawmaker reports

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Most FDI goes straight to Seoul, NPAD lawmaker reports

Foreign direct investment (FDI) has been concentrated on the Seoul, Incheon and Gyeonggi areas in recent years, a report from a Korean lawmaker said.

Rep. Park Wan-ju from the opposition New Politics Alliance for Democracy said in a press release Friday based on data from the Korea Trade-Investment Promotion Agency (Kotra) that 67 percent of the FDI made in Korea was in Seoul, Incheon or Gyeonggi areas over the past five years.

In the first half of this year, the total amount of FDI in the country hit $6.1 billion, and Seoul had nearly 40 percent, or $2.9 billion.

Gyeonggi obtained $1.44 billion, and Incheon had an almost equal share, at $1.49 billion.

Other regions had only 37.6 percent, totaling $4.5 billion.

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