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

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said