December 29, 2010 / 2:19 AM / 9 years ago

S.Korea targets higher foreign investment in 2011

SEOUL, Dec 29 (Reuters) - South Korea targets an increase of about 16 percent in foreign direct investment next year, up from a 12 percent rise in 2010, the government said on Wednesday.

Planned foreign direct investment received by South Korea this year rose to $12.9 billion, up from $11.5 billion last year. The country aimed to attract $15 billion next year, the Ministry of Knowledge Economy said in a statement.

For the fourth quarter of this year, South Korea received $5.6 billion in planned foreign direct investment, up 62 percent from the same period of 2009, it said.

Increased tensions with North Korea this year had not affected foreign investment significantly but would remain a major risk next year, the ministry added. (Reporting by Kim Yeonhee; Editing by Yoo Choonsik and Chris Lewis)

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