SEOUL, March 14 (Xinhua) -- South Korea's overseas direct investment fell in single digit last year on the back of lower demand for manufacturing investment, government data showed Friday.

Overseas investment through the purchase of foreign stocks and the establishment of foreign offices stood at 63.95 billion U.S. dollars in 2024, down 1.8 percent compared with the previous year, according to the Ministry of Economy and Finance.

Overseas investment in the manufacturing industry tumbled 21.6 percent to 16.17 billion dollars, but those in the real estate, the mining, and the information and communication sectors expanded in double digits to 5.60 billion dollars, 3.90 billion dollars and 3.06 billion dollars each.

Investment in the finance and insurance industry added 1.8 percent to 27.39 billion dollars.

Direct investment in North America dropped 18.1 percent over the year to 25.88 billion dollars in 2024.

Investment in Europe soared 25.5 percent to 13.87 billion dollars, and investment in Asia grew 9.7 percent to 12.45 billion dollars. Enditem

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