Korea Investment Corp.

MNCs in the News-2019-08-16

China’s Ministry of Commerce (MOFCOM) announced inward foreign direct investment (FDI) over the first seven months of 2019 grew 7.3 percent over the same period last year. The city of Beijing intends to relax controls over FDI in cultural and entertainment businesses. Chinese FDI into Europe has slowed as a result of economic uncertainties and trade frictions. A survey suggests Vietnam, Singapore, and Indonesia are the top three Asian countries presenting the best opportunities for participating in China’s Belt and Road Initiative (BRI). Japanese firms in Hong Kong are becoming cautious given tumultuous situation there. Japan alerts new Andhra Pradesh Chief Minister that talk of renegotiating power purchase agreements raises risks. Korean lawmakers contemplate limiting Korea Investment Corp.’s ability to invest in Japanese companies with ties to wartime forced labor. Korean consumer boycott of Japanese goods and services produces decline in imports of Japanese goods of 14 percent over the same period the prior year.