A Korean delegation of 13 companies led by Mr. Hacheong Yun, Director General of Korea Trade-Investment Promotion Agency in Cambodia (KOTRA Phnom Penh), has sought for more trade and investment opportunities in potential sectors in Cambodia.
The intention was revealed during a working meeting between H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and the Korean delegation, at the CDC headquarters here on Mar. 26.
On the occasion, H.E. Sun Chanthol explained to his guests the reasons why Cambodia is the best choice for their investment destination, ranging from full peace, political stability, economic growth, and exchange rate stability to human resource productivity and attention to physical infrastructure development.
The Cambodian DPM also laid stress on the openness of Cambodian investment law which provides many incentives to investors, the regular organisation of Government-Private Sector Forum to address investors’ challenges,
and especially on the connection of the Cambodian market to the world through Cambodia-Republic of Korea Free Trade Agreement (FTA), Cambodia-China FTA, and Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement, Regional Comprehensive Economic Partnership (RCEP) Agreement, Everything But Arms (EBA) scheme, and so on.
The Royal Government also encourages investment projects in heavy industries such as electronic assembly, automobile assembly, and technology projects to name a few, he underlined.
The 13 Korean companies include Samsung Electronics, Hyundai Motor, LG Electronics, CJ Group, LX International, DAEJOO KC Group, Booyoung Group, Hanshin Engineering and Construction, KORINDO Group, Kolao Group, KBIZ, World OKTA, and Maekyung Media Group.
Source: Agence Kampuchea Presse