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S. Korea's overseas investment falls sharply
SEOUL, Nov. 4 (Yonhap) -- South Korea's overseas investments fell sharply in the first nine months of this year compared with 2008 as the global economic slowdown discouraged local investors from taking risks abroad, a government report showed Wednesday.
According to the report by the Ministry of Strategy and Finance, South Korea's overseas investments amounted to US$13.35 billion in January-September, down 48.7 percent from the same period a year earlier, when the total reached $26.05 billion.
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