Financial Times on Nostr: South Korea emerges as a top US investor as China tensions escalate ========== South ...
South Korea emerges as a top US investor as China tensions escalate
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South Korea's project commitments in the US reached $21.5bn in 2023, marking the first time in a decade it became the top investor; China's investments fell by a third, dropping from first in 2014 to eighth; Chihwan Kim, CEO of Samkee, noted that US companies are seeking alternatives to China, providing opportunities for Korean firms; Samkee invested $128mn in 2023 to open a factory in Tuskegee, Alabama.
#SouthKorea #UsInvestment #China #Economy #Hyundai #Samkee #ElectricVehicles #Manufacturing #GlobalEconomy #ForeignInvestment
https://www.ft.com/content/dbc8208c-7fe2-41bf-a50d-f66abc65fde6
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South Korea's project commitments in the US reached $21.5bn in 2023, marking the first time in a decade it became the top investor; China's investments fell by a third, dropping from first in 2014 to eighth; Chihwan Kim, CEO of Samkee, noted that US companies are seeking alternatives to China, providing opportunities for Korean firms; Samkee invested $128mn in 2023 to open a factory in Tuskegee, Alabama.
#SouthKorea #UsInvestment #China #Economy #Hyundai #Samkee #ElectricVehicles #Manufacturing #GlobalEconomy #ForeignInvestment
https://www.ft.com/content/dbc8208c-7fe2-41bf-a50d-f66abc65fde6