Logo of Phnom Penh Post newspaper Phnom Penh Post - Hun Sen to South Koreans: Invest in the Kingdom

Hun Sen to South Koreans: Invest in the Kingdom

Content image - Phnom Penh Post
Prime Minister Hun Sen on Tuesday met with South Korean President Moon Jae-in at the sidelines of the World Summit 2020 in Seoul. Hun Sen's Facebook page

Hun Sen to South Koreans: Invest in the Kingdom

Prime Minister Hun Sen on Tuesday urged South Koreans and companies there to consider investments in the Kingdom and to take advantage of several deals signed between the two nations, including the double tax avoidance (DTA) agreement reached last year.

The prime minister made the appeal during a bilateral meeting with South Korean President Moon Jae-in at the sidelines of the World Summit 2020 in Seoul.

Hun Sen highlighted the strong ties between Cambodia and South Korea after resuming diplomatic relations in 1996. Many agreements have been signed between the countries to promote trade and investment, he noted.

After undergoing a series of institutional reforms, Cambodia is now a much more enticing investment destination for South Koreans, Hun Sen said, adding that he hopes Moon will encourage Koreans to do business in the Kingdom.

The Cambodian prime minister said trade between the two nations is growing, but that he would like to see even more exports of Cambodian goods to South Korea.

“We are really happy with the agreement on double taxation avoidance signed late last year. This deal makes it easier for people to invest and do business in each country,” he said.

Hun Sen noted that Cambodia already started exporting fresh mango to the Korean market earlier this year.

Moon said the relationship between the countries is becoming stronger and that Korea will continue to support the development of Cambodia’s agriculture industry.

He agreed to encourage Koreans to seize opportunities in the Kingdom’s thriving economy.

According to data from the Council for the Development of Cambodia, South Korea is one of the biggest investors in the Kingdom.

From 1994 to 2018, the government approved 212 investment projects from South Korea.


  • Companies listed on CSX receive 50% deduction on income tax

    Tax incentives are granted to companies that have listed their shares or issued debt securities on the Cambodia Securities Exchange (CSX), whether they are small to medium-sized enterprises or large companies. The nine stock listed companies on the CSX – with seven listed on the Main

  • Siem Reap drain canal now ‘mangrove’ promenade

    A more than half a kilometre long stretch of canal in Siem Reap has been covered and turned into a promenade to attract visitors, said Ly Rasmey, secretary of state at the Ministry of Land Management, Urban Planning and Construction, on September 16. The new pedestrianised

  • Cambodia mourns over UK’s Queen Elizabeth II

    Cambodia has joined other nations around the world to mourn the passing of Queen Elizabeth II, with King Norodom Sihanomi, Prime Minister Hun Sen and National Assembly president Heng Samrin extending their condolences in separate letters. In his letter to the late Queen’s son –

  • Final verdicts for Khmer Rouge leaders ‘vital’ for next generation

    Nearly a decade after the commencement of Case 002/02 against Khieu Samphan back in 2014, the Extraordinary Chambers in the Courts of Cambodia (ECCC) is now set to deliver its final verdict for the former Khmer Rouge head of state. The Supreme Court Chamber of the ECCC,

  • Angkor wildlife, aquarium park still to open October

    The Angkor Wildlife and Aquarium complex about 30km southeast of Siem Reap town with initial total investment of more than $70 million is reportedly still on track for an end-October opening. The park is located on a 100ha plot along National Road 6 in Kbon village, Khchas

  • Railway project studies proceed

    The transport ministry is exploring options to expedite preliminary studies on key public railway infrastructure projects, especially the conversion of the Northern Railway Line that links to Thailand into high-speed rail. Railway freight and passenger transportation has been pinpointed as a major potential engine of