Oct. 11 (Bloomberg) -- Foreign direct investment into South Korea declined 24.6 percent in the third quarter, the first drop in a year, damped by the European debt crisis and a downgrade of the U.S. credit rating.
Investment totaled $2.21 billion in the three months to Sept. 30, down from $2.93 billion a year earlier, the Ministry of Knowledge Economy said in an e-mailed statement today. The preliminary data don’t include short-term capital inflows.
--With assistance from Sarina Yoo in Seoul. Editors: Seyoon Kim, Kyung Bok Cho.
To contact the reporters on this story: Eunkyung Seo in Seoul at email@example.com;
To contact the editor responsible for this story: Paul Panckhurst at firstname.lastname@example.org