Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Garments: Korean investors make visit

Garments: Korean investors make visit

SOUTH Korean garment industry investors are eager to leave behind higher labour costs in China, but plans to set up shop in the Kingdom are hindered by a lack of information, officials visiting Phnom Penh said yesterday.

Speaking on the sidelines of a fact-finding mission, Korea Federation of Textile Industries team manager Gue-bae Yeoum said investors need to know more about the government’s policies.

“Cambodia is well-placed to bring Korean investors to the country, with the higher labour costs in China,” he said.

“However, the Cambodian government does not promote the industry in Korea – that’s why many firms don’t know about the sector, and are too scared to invest here,” he said.

Ministry of Commerce Secretary of State Ok Boung said Cambodia had done much to promote the industry, and that information was already available.

“Investors can learn about the sector through their embassies,” he said.

Daehyun Textile manager Ian Cheong said he has been heavily involved with partners in Vietnam, but was still learning the ropes in Cambodia.
The Garment Manufacturers Association in Cambodia welcomed further investment, said Secretary General Ken Loo.

0

Comments

Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".