via Khmer NZ
Posted on 30 July 2010
The Mirror, Vol. 14, No. 675
“Phnom Penh: The director of the Korea Trade-Investment Promotion Agency said that Cambodian exports to South Korea increased up to 258.7%.
“The director of the Korea Trade-Investment Promotion Agency to Cambodia, Mr. Lee Gwang-Ho, said on 28 July 2010 that investment and trade between Cambodia and Korea increased remarkably within the first six months of 2010.
“He added that the amount of exports from South Korea to Cambodia increased only by 22% while the exports from Cambodia to Korea rose by as much by 258.7% in the first six months of 2010, compared with the corresponding period last year.
“According to figures provided by Mr. Lee Gwang-Ho, though the export of Cambodia to South Korea went up, the total value of export is still low.
“He said, ‘The export from Korea to Cambodia was US$153,462,000, while the export from Cambodia amounted to only US$22,635,000.’
“The products from South Korea exported to Cambodia are mostly textile products in the form of raw materials needed by the garment factories, cars and trucks, garments, food, pesticide, medicines and other substances, tires and spare parts, whereas the products exported from Cambodia to South Korea include garments, forestry products, aluminum, food, machines used in construction, minerals, and shoes.
“According to Mr. Lee Gwang-Ho, by March 2010, Korean investments were still the biggest in Cambodia. The total investments by Korean companies registered is about US$2.7 billion.
“He went on to say that the fields of investment of Korean investors in Cambodia are the following: 52% in real estate, 21% in construction, 7% in the production sector [South Korea establishes production facilities in Cambodia to create products], 3% in the mineral sector, 3% in tourism, 3% in banking, 3% in services, 3% in agriculture, 2% in technical services, and 1% in telecommunication.”
Rasmei Kampuchea, Vol.18, #5262, 29.7.2010
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Thursday, 29 July 2010
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