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Shukaku is not a Korean company: Ambassador

Dear Editor,

I am writing this letter to express my grave concern and clarfiy some facts regarding your interview with the vice governor of Phnom Penh Municipality, reported on October 3, 2008. According to an article of The Phnom Penh Post, the vice governor mentioned, "South Korea's Shukaku Inc has decided to invest in Boeung Kak".

The report caused Boeung Kak residents to protest against the development of the lake in front of my embassy on October 27, 2008.

However, the vice governor, in reply to my letter asking to him clarify the facts, confirmed that he did not mention[this]. Moreover, it is clearly stated in a press release on the Phnom Penh Municipality's homepage, dated February 6, 2007, that the Municipality has made a 99-year lease agreement with Oknha Lao Meng Khin, the president of Shukaku Inc, who is a Cambodian national, to develop the lake.

Therefore, I am curious as to why your newspaper reported that the developing company was South Korean, when there is no reason to assert that Shukaku Inc is a Korean corporation.

Shin Hyun-suk

Ambassador

Send letters to: newsroom@phnompenhpost.com or P.O. Box 146, Phnom Penh, Cambodia. The Post reserves the right to edit letters to a shorter length.

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