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Officials bid to increase South Korean investment

| Publication date 30 June 2016 | 07:12 ICT

Officials bid to increase South Korean investment

A delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, yesterday in an effort to drum up more Korean investment in Cambodia’s growing agro-industrial sector.

The Cambodian delegates, which included representatives of the Cambodian Investment Board and the Cambodian Chamber of Commerce, briefed more than 80 Korean investors in attendance on the Kingdom’s investment climate and discussed potential opportunities for new investments.

South Korea ranks second after China in terms of total FDI in Cambodia, with significant investments in the Kingdom’s property, banking and agricultural sectors. It is also a key trading partner, with over $3 billion in bilateral trade reported last year.

Yesterday’s seminar aimed at informing Korean investors of the opportunities in Cambodia’s agro-industrial sector, which is deemed the priority area of the country’s Industrial Development Policy.

“Cambodia’s agricultural industry has been rising as an attractive investment destination with high-quality products and steady growth,” Cambodian state news agency AKP quoted Kim Young-sun, secretary-general of the ASEAN Korea Centre, as saying.

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