Cambodian PM Receives Kolao Group Chairman

Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, received here yesterday afternoon at the Peace Palace visiting Mr. Oh Sei Young, Chairman of Kolao Group, a successful South Korean company in Lao PDR.

According to H.E. Eang Sophalleth, Assistant to the Cambodian premier, in the courtesy meeting, Mr. Oh Sei Young congratulated Cambodia on her remarkable progress compared to his previous trip in 1992.

Mr. Oh Sei Young sought Samdech Techo Prime Minister's support to his company's plan to invest in a special economic zone in Cambodia through the creation of an automobile and motorbike assembly factory, and the opening of a bank.

In reply, Samdech Techo Hun Sen expressed his support in principle to the above-said investment plan, stressing that the factory would assembly cars for local market and export. He also encouraged the company to continue working with the Council for the Development of Cambodia.

Kolao Group is a Korean company running businesses in automobile, motorcycle, finance, construction, environment, resort, logistics and home appliances industries. It started its corporation in South Korea, and expanded throughout Asia (Myanmar, Vietnam, Laos and Cambodia).

Source: Agency Kampuchea Press