Economy News AAPrint Seoul Records Largest Foreign Direct Investment in 2015

In 2015, Seoul Metropolitan Government attracted a total reported foreign direct investment (FDI) of USD 8.489 billion (as of December 27), the largest amount ever. This is a 54.7 percent increase over the USD 5.488 billion in 2014 and accounts for 41.6 percent of the total reported amount of FDI in Korea, which reached as high as USD 20.43 billion in 2015.

Estimate of FDI in Seoul by year

Chinese investment increases 22 times over that of last year; increases recorded in financial industry (247.3 percent) and M&A (173.9 percent)
The city government indicated that the main reasons for the increase in FDI in 2015 were: a 2,138-percent increase in investment from China, a 247.3-percent increase in investment in the financial industry, and a 174-percent increase in M&A investment.

Seoul makes active marketing efforts, including holding nine overseas IR sessions on Seoul’s most promising industries and signing MOUs with eight organizations
Last year, Seoul Metropolitan Government actively promoted investment relations (IR) at home and abroad in an effort to achieve economic growth through the expansion of FDI. Also, through systematic activities to attract investment, the city signed MOUs with a number of organizations.

Seoul makes continuous efforts to create jobs through FDI and ensure the city’s economic growth
Seoul Metropolitan Government will operate teams tasked with increasing FDI in specific industries that are believed to have the greatest potential to contribute to Seoul’s economy, especially the financial, ICT, and bioscience industries. Moreover, the city government will actively attempt to attract investment both domestically and internationally for established as well as up-and-coming companies.

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Jeju Island (제주도,濟州島) , formerly Cheju Island , is an island off the southern coast of South Korea , in the Korea Strait, southwest of Jeollanam-do Province, of which it was a part before it became a separate province in 1946, and more recently Korea's first and only Special Autonomous Province. Its capital is Jeju City . Understand Jeju Island, also known as the "Island of the Gods," is a popular vacation spot for Koreans and foreigners. It remains the top honeymoon destination for Korean newlyweds. Despite attempts to market the island as "the Hawaii of Korea," climatologically and geographically it bears little in similarity to the Hawaiian Islands in the U.S. The island offers visitors a wide range of activities: hiking on Halla-san (South Korea's highest peak) or Olle-gil(routes), catching sunrises and sunsets over the ocean, riding horses, touring all the locales from a favorite television K-drama, or just lying around on the sandy beaches. ...

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Busan City Tour

Located in the southeast region of the Korean peninsula, Busan is the country's largest port city and boasts an abundance of coastal tourist attractions, historical and cultural sites, and trendy shopping areas. The city has a well-developed public transportation system, but for a more convenient and all-inclusive tour, hop aboard the Busan City Tour. The Busan City Tour is comprised of a variety of one-day courses that cover some of the area's major attractions (Haeundae Beach, Taejongdae Resort Park, BEXCO, Jagalchi Market, Dalmaji-gil Road, etc.). The Circulatory Tour covers Taejonogdae Resort Park and Haeundae Beac; the History and Culture Exploration Tour includes major historic sites; the Natural Ecology Tour introduces the rich ecosystem of Busan; the Night View Tour shows some of the city's most fascinating nighttime attractions. Each seat on the bus is equipped with an individual TV screen, providing visitors with information about the stops along the way in a p...

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