January 31, 2011
On 31 January 2011, the Ministry of Knowledge Economy (MKE) announced a target of USD15 billion in foreign direct investment (FDI) for 2011.
In 2010 Korea attracted approximately USD13.1 billion. Key sectors to be targeted will include green energy, biotechnology and information technology convergence, manufacturing and distribution services.
Investor confidence resulting from free trade agreements (FTAs) with Europe and the United States is expected to increase inbound investment from traditional source countries, however, particular attention will be paid to newer and potential sources, including emerging economies in Asia and the Middle East along with Russia and India.