Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia-South Korea trade jumps 45%

Cambodia-South Korea trade jumps 45%

Cambodia-South Korea trade jumps 45%

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency.

Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago period.

Cambodia exported US$64 million worth of goods to South Korea, including crude rubber, agricultural products and apparel, a 100 per cent gain from $32 million in the first nine months of 2010. At the same time, South Korea’s shipments to the Kingdom totalled $323 million, a year-on-year increase of 37 per cent from $235 million.

KOTRA director-general Gwang-Ho Lee attributed the gains to both countries’ expanding economies and Cambodia’s growing importance among Korean investors.

“Now we see many Korean businessmen have good contact with local partners here. Cambodia is becoming very well-known to Korean companies,” Lee said.

Korean businesses wanted Cambodian commodities such as rubber and metal ores, and more and more Korean products were being sold in the Kingdom, he added. Korea’s main exports to Cambodia are textiles and fabrics, consumer electronics, vehicles and tobacco.

Kong Putheara, director of the Ministry of Commerce’s statistics department, pointed to the benefits for Cambodia in trading with a larger economy such as that of South Korea.

“It is a good thing, because our policy is that the government is trying as much as it can to enlarge business activities with every country in the world,” he said, adding that trade growth also created jobs and boosted domestic incomes.

About 600 Korean companies were doing business in Cambodia in real-estate development projects, garment manufacturing factories and agricultural development, Gwang-Ho Lee said previously.


  • Professor beaten by mob in Phnom Penh after alleged hit-and-run

    Updated with new information: 6:44am, Tuesday March 13 2018 A university professor accused of a hit-and-run has been transported to Vietnam with serious head injuries after he was brutally beaten by a mob in Phnom Penh late Sunday afternoon. A video of the attack shows a group

  • American ‘fugitive’ arrested in Cambodia outside of US Embassy

    An American citizen was arrested on request by the US Embassy in Phnom Penh on Tuesday, according to Cambodian police. Major General Uk Hei Sela, chief of investigations at the Department of Immigration, identified the man as American Jan Sterling Hagen, and said he was

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of