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

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.

MOST VIEWED

  • US think tank warns of China's 'ulterior motives'

    A US think tank on Tuesday warned that spreading Chinese investment in the Indo-Pacific follows a pattern of leveraging geopolitical influence at the expense of the nations receiving investment, including Cambodia. The report looks at a sample of 15 Chinese port development projects, noting that the

  • More than three tonnes of ivory reportedly bound for Cambodia seized in Mozambique

    A total of 3.5 tonnes of ivory reportedly bound for Cambodia was seized by authorities in Mozambique late last week, according to the NGO Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). CITES' information was based on a report from the

  • Defence Ministry denies weapons in smuggling case came from Cambodia

    After a Thai national was arrested last week for allegedly smuggling guns from Cambodia to Thailand, Cambodia's Defence Ministry has claimed the weapons seized during the arrest are not used in Cambodia, despite the fact that both types of rifle seized are commonly found in

  • Shipwreck found off coast of Koh Kong

    Royal Cambodian Navy researchers are working to identify a decades-old shipwreck found earlier this month off the coast of Koh Kong province. Divers found the 70-metre-long wreck on April 4 about a mile from Koh Chhlam island, according to Navy officials. Deputy Navy Commander Tea Sokha,