Seoul: Facility investment in South Korea surged to a four-year high during the first nine months of this year, driven by the automotive and semiconductor sectors, data showed on Sunday.

The overall facility investment index across all industries rose 4.3 percent in the January-September period from a year earlier, the largest increase since 2021, when the figure jumped 11.3 percent on-year, according to the data from the Ministry of Data and Statistics.

The growth was led by rising investments in automotive and chip industries, reports Yonhap news agency.

Facility investment in the auto sector jumped 15.6 percent on-year, marking the largest increase in 25 years since 2000.

The car industry has been expanding investment to build electric vehicle (EV) production facilities and enhance

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