India and China’s Foreign Investor Confidence Steadily Increases

Despite India and China’s increasing attraction for foreign investments, it turns out that foreign investor confidence in Korea has declined.

The October 13 edition of the Financial times reported that Korea ranked 21st in the Foreign Investor Confidence survey performed by the American business consulting firm, A.T. Kearney. This year Korea, which was ranked 18th last year, dropped by three spots.

Of the Asian nations ranked in the survey, Korea was behind not only China and India, but also Hong Kong, Malaysia, Singapore, and Thailand.

On the other hand, China ranked first for the three consecutive years as the most promising nation for foreign investments. Also, India’s ranking has steadily climbed every year.

According to the survey performed by A.T. Kearney, India’s Foreign Investor Confidence, which was ranked 15th two years ago, sixth last year, and third this year, enjoyed a phenomenal increase.

Major multi-national corporations that have outsourced their operations to India are believed to be the driving force behind the sudden increase.

China, which in recent years has emerged as one of the world’s economic superpowers, ranked higher than the U.S. in foreign investor confidence for the three consecutive years and kept a strong grip on its top ranked position.

Chi-Young Shin higgledy@donga.com