Cambodia, Korea to Continue Boosting Digital and Investment Cooperation

Phnom Penh, September 13, 2023 --

Cambodia and the Republic of Korea, through the Korea International Trade Association (KITA), have been committed to further boost their cooperation in the digital sector, trade exchange, and investment.

The commitment was made during a working meeting here at Rosewood Phnom Penh this morning between H.E. Ms. Chring Botum Rangsay, Ambassador of Cambodia to the Republic of Korea, a KITA delegation, and H.E. Hem Vandy, Cambodian Minister of Industry, Science, Technology and Innovation.

H.E. Hem Vandy hopes that the meeting will help the two countries expand opportunities towards a deeper industrial cooperation, which will strengthen their trade relations not only in manufacturing-based industries, but also in high-tech industry.

According to Mr. Khat Chen, Commercial Attaché, in May 2023, KITA organised a business forum with the participation of 100 companies to study and discuss investment opportunities in Cambodia.

KITA, which has more than 70,000 companies as members will continue to seek additional investment opportunities in Cambodia, he added.

Yesterday, H.E. Ms. Chring Botum Rangsay and the KITA delegation led by its Vice President Mr. Jeong Marn-ki paid a visit to Preah Sihanouk coastal province to learn about its potential focusing on investment and trade sectors. They delegation met with the provincial administration and visited Sihanoukville Autonomous Port, Sihanoukville Special Economic Zone, and the Bay of Lights development area in Ream commune, Prey Nup district.