Arirang News
Cholsun Ilbo (South Korea)
Cambodia and Laos are emerging as the next window of opportunity for Korean investors.
Figures by the Korea International Trade Association show a steep on-year growth of US$1.3 billion in Korea's corporate investment in Cambodia last year. That makes the Southeast Asian country the second-biggest destination after China in terms of Korea's overseas investment.
Investments to Laos, meanwhile, posted a 16-fold jump in 2006 from the year before and chalked up $81 million in 2007.
Analysts say such expansion in investment has helped Korean exports to the two countries post significant growth, especially for auto parts, textiles and steel.
Figures by the Korea International Trade Association show a steep on-year growth of US$1.3 billion in Korea's corporate investment in Cambodia last year. That makes the Southeast Asian country the second-biggest destination after China in terms of Korea's overseas investment.
Investments to Laos, meanwhile, posted a 16-fold jump in 2006 from the year before and chalked up $81 million in 2007.
Analysts say such expansion in investment has helped Korean exports to the two countries post significant growth, especially for auto parts, textiles and steel.
3 comments:
The Korean are welcome and not the Thaicong and the Vietcong!
We Cambodians welcome Korean investors...we would love to see more high rises in Phnom Penh...Maybe there will be a Khemara Tower 180 or 100,000 sq. meters Phnom Penh Plaza Mall someday.
Good news for brother Lao!
God blesses Laos.
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