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Foreign direct investment in S. Korea drops in 2013

SEJONG, Jan. 28 (Yonhap) -- New pledges for foreign direct investment (FDI) in South Korea dropped in 2013 from a year earlier, affected by a significant pullback by Japan, the Ministry of Trade, Industry and Energy said Tuesday. New FDI pledges plunged 10.7 percent on-year to US$14.55 billion last year, according to the ministry. The figure still marked a 9.9 percent gain from a five-year average of $13.24 billion. The ministry attributed the drop to a cut in FDI pledges from Japan, down 40.8 percent on-year to $2.69 billion.

China 2013 foreign investment inflows hit record high

BEIJING (Reuters) - China attracted a record $117.6 billion in foreign direct investment (FDI) in 2013, underlining investors' confidence that the world's second-largest economy can keep growing at a solid pace while retooling its growth model. The Commerce Ministry said on Thursday that China's total FDI rose 5.3 percent in 2013 from a year earlier. December's inflows climbed 3.3 percent from a year earlier to $12.1 billion, extending an upward trend seen since March 2013.

Foreign direct investment in China rebounds 5.3% in 2013

Overseas investment into China rebounded last year after declining in 2012, official data showed Thursday, as confidence in the country's growth potential picks up. Investment by China also rose and officials said it could overtake the incoming total this year -- although Chinese businesses shied away from the European Union and Japan as market and political tensions become strained. Foreign direct investment (FDI) into China, which excludes financial sectors, totalled $117.59 billion last year, the commerce ministry said, adding it had "steadily rebounded".

Foreign direct investment in China rebounds 5.3% in 2013

Overseas investment into China rose 5.3 percent last year, official data showed Thursday, bouncing back after declining in 2012 for the first time in three years. Foreign direct investment (FDI), which excludes financial sectors, totalled $117.59 billion last year, the commerce ministry said. The figure is up from the $111.72 billion posted in 2012, when it skidded 3.7 percent in the face of economic weakness in developed markets and a growth slowdown at home. For December alone FDI increased 3.3 percent year on year to $12.08 billion, the ministry said.

Gov't to expand incentives for foreign firms, investors

SEJONG, Jan. 9 (Yonhap) -- South Korea announced new and extended incentives Thursday, including tax breaks, aimed at attracting foreign investment that would spur the local economy. To encourage foreign investors and firms to bring their headquarters to South Korea, the government will peg the income tax rate at 17 percent for all foreign employees at the headquarters regardless of the size of their income, the Ministry of Trade, Industry and Energy said. The measure is a continuation of the tax incentive set to expire at the end of this year, the ministry said.

Gov't to expand incentives for foreign firms, investors

SEJONG, Jan. 9 (Yonhap) -- South Korea announced new and extended incentives Thursday, including tax breaks, aimed at attracting foreign investment that would spur the local economy. To encourage foreign investors and firms to bring their headquarters to South Korea, the government will peg the income tax rate at 17 percent for all foreign employees at the headquarters regardless of the size of their income, the Ministry of Trade, Industry and Energy said. The measure is a continuation of the tax incentive set to expire at the end of this year, the ministry said.

All Norwegians become crown millionaires, in oil saving landmark

By Alister Doyle OSLO (Reuters) - Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices. Set up in 1990, the fund owns around 1 percent of the world's stocks, as well as bonds and real estate from London to Boston, making the Nordic nation an exception when others are struggling under a mountain of debts.

Park urges public firms to join reform drive

SEOUL, Jan. 7 (Yonhap) -- President Park Geun-hye called on heavily-indebted public firms Tuesday to take an active part in efforts to improve their efficiency, renewing her commitment to public sector reform. "Public organizations take on an important role of providing public services directly linked to the everyday lives of the people. We can say that the competitiveness of public organizations translates directly into national competitiveness," Park said during a Cabinet meeting.

India aims to throw open doors wider to foreign investors

India aims to throw open its doors wider to overseas investors in coming weeks, a minister said Wednesday, as it seeks to spur a weak economy before the general election. The government has already relaxed foreign direct investment (FDI) rules in such sectors as civil aviation, retail, telecommunications, defence and state-owned oil refineries as it tries to loosen the shackles on the still mainly inward-looking economy.

India aims to throw open doors wider to foreign investors

India aims to throw open its doors wider to overseas investors, a minister said Wednesday, as it seeks to spur a slumping economy before the general election. The government has already relaxed foreign direct investment (FDI) rules in such sectors as civil aviation, retail, telecommunications, defence and oil refineries to loosen shackles on the long-protected economy. "The government will continue its endeavour for liberalising FDI policy further in the coming weeks... for attracting foreign investments," Commerce Minister Anand Sharma said.
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