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PR/17-11 Korean investors to tap into the Agro-industry of Cambodia2017-05-04

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PRESS RELEASE
No.PR/17-11Date2017.05.02(Tue)
ContactProgram Inquiries: Ms. Jung Ji-seung (+82-2-2287-1129, jsjung@aseankorea.org)
Press Inquiries: Ms. Hwang Ji-seon (+82-2-2287-1149, hjs@aseankorea.org)
ASEAN-Korea Centre is an International Organization mandated to promote economic and socio-cultural cooperation between ASEAN Member States and Korea.


Korean investors to tap into the Agro-industry of Cambodia

ASEAN-Korea Centre to dispatch an Investment Mission to Cambodia (8-9 May, Phnom Penh) -


Phnom Penh, Cambodia - The ASEAN-Korea Centre (Secretary General Kim Young-sun) will dispatch an Investment and Market Research Mission to Cambodia on 8-9 May 2017. Composed of representatives from leading Korean companies and SMEs, the members of the Mission will gain up-to-date information on investment policies, incentives, and projects in the agro-industry of Cambodia. The Mission will take part in the Investment Promotion Seminar, industrial visits, and one-one-one business meetings during the Program organized in cooperation with the Council for the Development of Cambodia (CDC).

 

Kim Young-sun, Secretary General of the ASEAN-Korea Centre noted that, “With a stable GDP growth of 7% and investment-friendly policies of the government, Cambodia is gaining attention as an attractive investment destination for Korean companies. In line with the Cambodia Industrial Development Policy 2015-2025, the ASEAN-Korea Centre has organized its Investment Mission Program in the agro-industry, one of the country’s prioritized sectors for industrial development. I hope this Program would serve as a platform not only for the Korean investors to explore new business opportunities in Cambodia, but also for the country to accelerate its industrial development.”

 

With an aim to provide the possible Korean investors with information on business opportunities in Cambodia, the Seminar for Investment Promotion on Agro-Industry will be held on 9 May at Raffles Hotel, Phnom Penh. Kim Young-sun, Secretary General of the ASEAN-Korea Centre, Sok Chenda Sophea, Secretary General of the CDC, and Kim Weon-jin, Ambassador of ROK to Cambodia are expected to attend the opening ceremony to deliver remarks. Following the opening ceremony, there will be presentations on Cambodia’s investment promotion policies, incentives, and investment projects in the agro-industry by Chea Vuthy, Deputy Secretary General of the Cambodia Investment Board, and a senior government official from the Ministry of Agriculture, Forestry and Fishery. Representatives from the Korea-Cambodia Agro-industry Association, the Korea International Cooperation Agency (KOICA), and the Hyundai Corporation will share their success stories and practical information on doing businesses in Cambodia. In particular, Hyundai Corporation will also introduce the smart farming technology that can contribute to promoting efficiency and productivity.

 

As part of the Program, one-on-one business meetings will be conducted to offer the Korean business delegation with an opportunity to find possible partners for further businesses. The Mission will also visit Phnom Penh Special Economic Zones (SEZ) and the Cambodia Rice Federation to gain first-hand information on recent development in the agro-industry of Cambodia and explore potential cooperation with the local players. Furthermore, Korean companies that have successfully invested in Cambodia will share their experiences and success stories with the Mission during the Business Consultation Meeting.



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- Press Release file


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