South Korea drew a record amount of foreign direct investment last year in a sign of growing bets on its technology sector, which has become more deeply embedded in global supply chains since the pandemic.
About $18.8 billion of funds flowed into South Korea in 2023, a 3.4% increase from a year earlier, with the electronics sector accounting for $3 billion of the total, according to data from the trade ministry on Thursday. Semiconductors and rechargeable batteries are two major pillars of the nation’s electronics industry.
