Korea’s investment in U.S. surges to 6-year high in 2016


한국은 미국에 5년만에 최대투자…미국은 한국 투자 30% 줄여
Korean investment in the United States jumped to a six-year high in 2016,… but U.S. investment in Korea continues to decline.
According to data by the Korea International Trade Association, Korea invested six-point-nine-four billion dollars in the U.S in the first nine months of last year.
Even without the fourth quarter figures, the amount is close to the figure tallied for the whole of 2011.
U.S. investment in Korea has been heading in the opposite direction.
It totaled three-point-eight-eight billion dollars in 2016,… down almost 30 percent from the previous year.
Officials say the figures seem to contradict claims by the Trump administration that the Korea-U.S. free trade deal only benefits Korea,… as foreign investment helps boost a country’s economy and creates new jobs.

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