Sino investment in ROK lowering
Afp, Seoul
China's direct investment in South Korea fell last year for a second consecutive year as its interest in Asia's third-largest economy declined, a report said Tuesday. The report by the Korea Investment Trade Association showed Chinese companies' investment in South Korea totalled 40 million dollars last year compared to 68 million dollars in 2005. In 2004, the figure was 1.17 billion dollars, according to the report quoted by Yonhap news agency. The association said Chinese companies are shunning investment in South Korea since their low-priced products draw relatively little attention from local consumers. China's rapid increase in overseas investment is also mainly focused on resource-rich countries.
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