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Logo of Phnom Penh Post newspaper Phnom Penh Post - Firms to go to South Korea

Firms to go to South Korea

NINE Cambodian firms will travel to South Korea in March in a bid to find trade partners, officials said Monday. In an email to the Post, Kim Dohyun, manager of the Korean Trade and Investment Promotion Agency (KOTRA), said that businesses dealing in car parts, construction, engines, household products and household goods would travel to Seoul for the Buy Korea 2010 Exhibition. “Cambodian businessmen can see the products that they are interested in and meet Korean businessmen,” he said. Around 1,000 companies from more than 41 countries will join the exhibition. Bilateral trade between Cambodia and Korea sharply declined around 22 percent in the first 11 months of 2009, to US$256 million from $328 million in the same period of 2008, according to KOTRA figures. Cambodia primarily exported clothing, crude rubber, vegetables, fruit and textile fibres to South Korea which in turn exported mostly textile fibres, tobacco, footwear and vehicles to Cambodia. MAY KUNMAKARA



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