Logo of Phnom Penh Post newspaper Phnom Penh Post - Commerce minister leads trade delegation to Seoul

Commerce minister leads trade delegation to Seoul

Content image - Phnom Penh Post
Officials during the meeting at the Korea Importers Association in the South Korean capital Soeul on January 27. MoC

Commerce minister leads trade delegation to Seoul

Minister of Commerce Pan Sorasak encouraged members of the Korea Importers Association to capitalise on Cambodia-Korea free trade agreement (CKFTA), ASEAN-Korea Free Trade Agreement, Regional Comprehensive Economic Partnership (RCEP) and other incentives provided by the Kingdom's new investment law.

Sorasak led a Cambodian private sector delegation to a January 26 meeting with association head Kim Byung-kwan and his colleagues in Seoul, in order to boost trade and investment in Cambodia.

The discussion was also attended by Council for the Development of Cambodia (CDC) secretary-general Sok Chenda Sophea.

Sorasak said the CKFTA provides favourable markets and conditions for the producers, exporters and importers from both Cambodia and South Korea. The agreement would boost mutual trade and investment, and will play an important role in fostering economic cooperation between the two countries.

Kim offered a warm welcome to the Cambodian delegation, according to a January 27 commerce ministry social media post.

He expressed optimism that the CKFTA will increase trade and investment between the two nations.

At the meeting, private sector representatives of the two countries introduced their business objectives and shared information on potential sectors/goods of interest for cooperation as well as future investment, added the ministry.


  • Wing Bank opens new branch in front of Orkide The Royal along Street 2004

    Wing Bank celebrates first anniversary as commercial bank with launch of brand-new branch. One year since officially launching with a commercial banking licence, Wing Bank on March 14 launched a new branch in front of Orkide The Royal along Street 2004. The launch was presided over by

  • Girl from Stung Meanchey dump now college grad living in Australia

    After finishing her foundational studies at Trinity College and earning a Bachelor’s degree from the University of Melbourne in 2022, Ron Sophy, a girl who once lived at the Stung Meanchey garbage dump and scavenged for things to sell, is now working at a private

  • Ministry using ChatGPT AI to ‘ease workload’; Khmer version planned

    The Digital Government Committee is planning to make a Khmer language version of popular artificial intelligence (AI) technology ChatGPT available to the public in the near future, following extensive testing. On March 9, the Ministry of Post and Telecommunications revealed that it has been using the

  • Wat Phnom hornbills attract tourists, locals

    Thanks to the arrival of a friendly flock of great hornbills, Hour Rithy, a former aviculturist – or raiser of birds – in Kratie province turned Phnom Penh tuk tuk driver, has seen a partial return to his former profession. He has become something of a guide

  • Ministry orders all schools, public and private, to close for SEA Games

    From April 20 to May 18, all public and private educational institutions will be closed to maintain order and support Cambodia's hosting of the 32nd SEA Games and 12th ASEAN Para Games, said a directive from the Ministry of Education, Youth and Sport. Cambodia will host the

  • Almost 9K tourists see equinox sunrise at Angkor Wat

    Nearly 9,000 visitors – including 2,226 international tourists – gathered at Angkor Wat on March 21 to view the spring equinox sunrise, according to a senior official of the Siem Reap provinical tourism department. Ngov Seng Kak, director of the department, said a total of 8,726 people visited Angkor Wat to