The first Arabic newspaper upon its establishment, speaking in Arabic, English and French. Its headquarters are in London and Cairo, and soon in the Gulf countries and the Maghreb.
South Korea's overseas direct investment declined for the second consecutive year in 2024 amid ongoing geopolitical uncertainties, but the pace of decline slowed compared with the previous year, the South Korean finance ministry said.
Offshore investments made by South Korean companies fell 1.8 percent on-year to reach $63.95 billion last year, according to data compiled by the Ministry of Economy and Finance. The 2024 figure marks a deceleration from a 22.2 percent on-year drop in the previous year, which was the first annual decline since 2020.
The ministry attributed the slower decline to increased investment in alternative assets by pension funds in advanced economies and continued corporate investments in high-tech industries, including semiconductors and batteries.
By sector, offshore investment in most industries increased last year, but investment in the manufacturing sector plunged 21.6 percent on-year, offsetting gains in other sectors.
The United States accounted for the largest share of South Korean overseas investments, receiving $25.88 billion in 2024, followed by Europe at $13.87 billion, the data showed.
The finance ministry said the government will continue cooperation with key investment destinations to ensure South Korean firms can maintain stable business operations amid rising global protectionism and supply chain restructuring.
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