Kingdom and South Korea ink $400M package

Minister of Foreign Affairs Prak Sokhon shake hands with Korean Ambassador Kim Weon Jin in Phnom Penh yesterday after signing the $400 million deal for giving Korean loans to Cambodia. Pha Lina

Foreign Affairs Minister Prak Sokhonn and South Korean Ambassador Kim Weon Jin yesterday signed two loan packages totalling more than $400 million, largely for infrastructure development.

The first loan package included $350 million for a handful of projects, including, among other things, health care, rural roads and sewage systems.

The other agreement sets out a more than $67.4 million loan to upgrade National Road 48, which runs through Koh Kong province.

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