A delegation of South Korean investors has expressed strong interest in expanding existing investments and exploring new business opportunities in Cambodia during a meeting with Prime Minister Samdech Moha Borvor Thipadei Hun Manet at the Peace Palace in Phnom Penh on Monday.
The delegation, led by South Korean Ambassador H.E. Kim Chang Yong and coordinated by the Korean Chamber of Commerce in Cambodia (KOCHAM) and WorldBridge Group, comprises representatives from 15 companies operating in key sectors, including automotive, electronics, textiles, finance and banking, construction, distribution, food, entertainment, and culture.
The investors said the visit aims to strengthen the Cambodia-South Korea Strategic Partnership, particularly in trade, investment, and economic cooperation, while assessing Cambodia’s market for future business expansion. Of the 15 companies, seven already operate in Cambodia, while six others currently based in Vietnam are considering expanding their manufacturing operations to Cambodia.
Samdech Thipadei Hun Manet welcomed the delegation and reaffirmed the Royal Government’s commitment to maintaining a favourable investment climate. He highlighted ongoing reforms to improve the business environment, including institutional reforms, simplified administrative procedures, investment incentives, and tax benefits.
The Prime Minister also underscored the government’s continued investment in transport and energy infrastructure to reduce production and logistics costs and enhance Cambodia’s competitiveness.
He encouraged Korean companies to continue working closely with relevant ministries and institutions to seize investment opportunities and expand their operations in Cambodia.
