ABSTRACT
The first example of Korean FDI was a project in forestry development in Indonesia in 1968. This was typical of the labour-intensive and resourceoriented investment that has been made in Third World countries such as China, Indonesia, Malaysia, the Philippines, Thailand, etc. This, then, is the first type of Korean FDI. The second type is FDI in advanced countries. The first type has increased more than the second both in value and number of FDI projects, as Table 8.1 shows. Since 1988, in particular, Korean FDI in China has recorded the highest growth rate both in value and number of FDI projects of all Korean FDIs. In terms of value, as shown in Table 8.1, Korean FDI in China, based on the number of projects approved, recorded a 8,442 per cent increase during the six years from 1989 to 1994. In terms of number of projects, Korean FDI in China, again based on number of approved projects also recorded an increase of 6,967 per cent during the same period.
