Logo of Phnom Penh Post newspaper Phnom Penh Post - Business ties: South Korea firms look at the Kingdom

Business ties: South Korea firms look at the Kingdom

Business ties: South Korea firms look at the Kingdom

Business ties
Representatives of38 South Korean firms met with counterparts from 80 Cambodian companies at the Commerce Ministry yesterday to foster business ties and expand trade.

“This mission in Cambodia is focused on agriculture, the garment industry, construction and real estate in particular, and aims at providing opportunities for the investors to better understand these industries...,” said Jang Gyu-Hwa, Vice Chairman of the Korea Importers Association.

Speaking at the conference, Minister of Commerce Cham Prasidh said he encouraged South Korean firms to invest in the Kingdom, highlighting the duty-free status many Cambodian exports enjoyed abroad.

Figures from the Korea Trade-Investment Promotion Agency show Cambodia’s exports to Korea soared 65 percent to $10.2 million, while Korean exports increased to $58.9 million, during the first two months of the year, compared to the same period 2010.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group