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China Becomes No. 1 ROK Investment Market

2005/12/15

China Becomes No. 1 ROK Investment Market

China is the largest target of investment from the Republic of Korea, Xinhua News Agency reported on November 27.

As of June this year, China had received direct investment valued at US$28.7 billion from ROK investors, said Xu Changwen, head of the Asian-Pacific Study Center of the International Trade and Economic Cooperation Institute under the Ministry of Commerce.

According to a survey conducted by a ROK union, concerning trade and economics, 60 percent of ROK investors reported they were satisfied with their businesses in China and considered China a first choice for investment.

ROK investors focused on the eastern part of China.

Eighty percent of their investment went to manufacturing, said Shen Danyang, a researcher with the Ministry of Commerce institute.

Beijing-Hyundai, a Sino-Korean auto maker, has an annual production capacity of 300,000 cars. It is expected to increase its annual output to 600,000 by 2007.

 



 
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