FDI inflows to the Republic of Korea, another major recipient, declined by 46 per
cent to $5 billion,
due to a major divestment by Tesco (United Kingdom). To consolidate its global
operation and focus
more on the home market, the foreign supermarket chain sold its Korean affiliate to
a group of
investors led by the local private equity firm MBK Partners for $6 billion in August
2015.