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Gold bars and cash bundles; authorities confiscate millions from tax dodgers
The amount of overseas investments stood at $12.14 billion in the April to June period, a decline of 27.8 percent from the same period last year.
The decline marked the biggest in nine quarters, since the first quarter of 2018.
The net investment posted $7.61 billion, down 46 percent from a year earlier.
Such drastic cuts in the overseas investments are largely attributable to the pandemic-driven lockdowns around the world, the ministry said.
(khnews@heraldcorp.com)
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Articles by Korea Herald
