South Korean businesses to invest $26 billion into Britain
FILE PHOTO: A view of the London skyline shows the City of London financial district, seen from St Paul's Cathedral in London, Britain February 25, 2017. REUTERS/Neil Hall//File Photo
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LONDON : South Korean businesses will invest 21 billion pounds ($26 billion) into Britain, the British government said on Tuesday, ahead of the launch of talks over a modernised trade deal between the two countries.
The new investment includes a 9.7 billion pound injection over ten years from South Korea's Sovereign Wealth Fund into renewable energy and green infrastructure projects in Britain, Britain's Department for Business and Trade said in a statement.
($1 = 0.8025 pounds)
Source: Reuters
