Foreign investment hits 6-year low in South Korea as tax breaks end

SEOUL -- Overseas companies and investors are becoming reluctant to pour money into South Korea.

Foreign direct investment in South Korea tumbled 36% year on year to a six-year low of about $3.17 billion in the first quarter of 2019 on a declared basis, according to an FDI Trend report released by the nation's Ministry of Trade, Industry and Energy.