South Korea leads Asian foreign investment decline into US

FDI from region dips 40% in 2024, but top investor Japan increased spending

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Hyundai Motor's vehicle assembly plant in the U.S. state of Alabama. © Reuters

PAK YIU

NEW YORK -- New foreign direct investment from Asian countries into the U.S. declined 40% last year to $23.2 billion, with South Korea recording the biggest drop in new spending.

By region, Asia was the second-largest source of new investments in 2024 following Europe, which contributed $96.7 billion, new data released by the Bureau of Economic Analysis shows. Total new foreign direct investment -- which includes acquisitions, establishing new U.S. businesses and expanding existing offices -- totaled $151 billion.

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