A goods port in Gimpo, the RoK (Source: yonhap/VNA)

Seoul (VNA) – The Republic of Korea (RoK) targets to attract more than 20 billion USD in foreign direct investment (FDI) this year.

This will be the fourth year in a row the FDI attraction is at a high level, the Government said on March 11.

According to the Ministry of Trade, Industry and Energy, if the goal is reached, some 10,000 high-quality jobs will be created.

The target was set at the foreign investment committee’s meeting held late last month, during which policymakers approved a plan to stimulate FDI for this year.

The ministry emphasised that the RoK Government wants to maintain last year’s momentum of FDI, which made a record high of 22.94 billion USD.

In addition to getting more foreigners to invest in the country, it also wants to attract value added, new technology businesses. -VNA