ECONOMIC DATA ABROAD

ECONOMIC DATA ABROAD

S. KOREAN INVESTMENT

OVERSEAS JUMPS 148 PERCENTSEOUL, South Korea - South Korean companies' overseas investment during the January-February period this year totaled $251 million in 73 projects, on a project-approval basis, the Bank of Korea reported.

That was up 147.6 percent in value terms, the report said.

Overseas investment in manufacturing led the list with $153 million in 34 projects, followed by the trading industry with 35.6 percent of the total number of projects, the bank said.

A total of $80 million in 37 projects was invested in Southeast Asian countries, $152 million in 20 projects in North America and $12 million in nine projects in Latin America.

CHINA CLAIMS BALANCE

IN IMPORTS, EXPORTS

BEIJING - China's imports and exports balanced in the first two months of this year, according to the New China news agency.

The agency quoted a customs official as saying that the trade outlook for the remaining 10 months was good due to last December's 21.2 percent devaluation in the yuan and the government's austerity policy.

Imports in the first two months totaled $6.08 billion, down 7.15 percent, and exports rose 6.4 percent to $6.09 billion, the official news agency said. Total trade for the period was valued at $12.17 billion, "almost equal to the same period of last year," the agency said, quoting customs statistics.

UNEMPLOYMENT RATE

FOR SWISS STILL 0.6 PERCENT

FRANKFURT, West Germany - The unemployment rate in Switzerland in February was 0.6 percent, unchanged from January, while the number of registered vacancies rose 4.4 percent to 18,584, the West German news agency VWD reported Monday, citing official statistics.