Prime Minister Hun Sen addresses the ASEAN-Korea CEO Summit Sunday in Seogwipo on South Korea’s Jeju Island where he called on South Korean investors to increase investment in the Kingdom. AFPTuesday, 02 June 2009
Written by Kay Kimsong
The Phnom Penh Post
SKOrea to double FUNDING to ASEAN
SOUTH Korea said it plans to double its development-assistance funding to ASEAN to US$400 million by 2015, President Lee Myung-bak told leaders of the 10 countries Monday. South Korea is trying to build ties and trade with ASEAN countries to help avoid a recession. Lee said Sunday that South Korea and ASEAN will seek to bolster annual trade to $150 billion by 2015 from $90 billion last year. South Korea will also increase its ASEAN cooperative fund for cultural and personnel exchanges to $5 million from $3 million by 2010, Lee said in a speech at the opening ceremony of a two-day ASEAN summit on Jeju island, South Korea. BLOOMBERG
Hun Sen encourages influx of South Korean capital during ASEAN-Korea meeting on Jeju island, pushing for investors in all major economic sectors
PRIME Minister Hun Sen has appealed to Korean investors and ASEAN members to invest in natural resources, tourism and agriculture in Cambodia at a high-level summit in South Korea.
"I want to encourage Koreans to invest in Cambodia - especially in agriculture, tourism, oil and gas," the premier said Sunday evening at the ASEAN-Korea CEO Forum in Seogwipo on South Korea's Jeju island.
Hun Sen said Cambodia hoped to cooperate with ASEAN and South Korea in other sectors such as bio-mass and bio-gas, renewable energy and hydropower.
"I hope to see investment capital flow from [South] Korea to Cambodia ... for investment in property, banking and finance," said Hun Sen.
South Korea has been one of Cambodia's largest investors recently, particularly in construction. South Korea invested US$472.89 million last year, according to figures released by the country's embassy in Phnom Penh. That was down on an all-time high of $629.5 million in 2007. There are 475 South Korean companies registered in Cambodia, 173 of which were new last year.
Hun Sen said the government views agriculture as a key sector for the national economy that has protected the Kingdom from the full impact of the global economic crisis.
"It is good if Koreans come here to build processing capacity for domestic trade and export - we are still very weak in terms of processing capacity," he said.
He expressed concern over land disputes because of the confusion created over demarcation of state and private land. "It will help farmers if we can be sure that land concession won't come from grabbing farmers' land," said Yang Saing Koma.
But Ho Vandy, co-chairman of the Government-Private Sector Working Group, said Koreans have not yet expressed interest in tourism projects such as resorts or islands.
"I think to profit from tourism, it needs 10 to 20 years, and Cambodian investors should quickly take this opportunity," he said.
South Korea is a major source of tourism for Cambodia with 266,525 arrivals in 2008, or 12.5 percent of total foreign visitor numbers.
Cambodia was due to sign an Memorandum of Understanding with South Korea on mineral exploration in the Kingdom during the summit.
PRIME Minister Hun Sen has appealed to Korean investors and ASEAN members to invest in natural resources, tourism and agriculture in Cambodia at a high-level summit in South Korea.
"I want to encourage Koreans to invest in Cambodia - especially in agriculture, tourism, oil and gas," the premier said Sunday evening at the ASEAN-Korea CEO Forum in Seogwipo on South Korea's Jeju island.
Hun Sen said Cambodia hoped to cooperate with ASEAN and South Korea in other sectors such as bio-mass and bio-gas, renewable energy and hydropower.
"I hope to see investment capital flow from [South] Korea to Cambodia ... for investment in property, banking and finance," said Hun Sen.
South Korea has been one of Cambodia's largest investors recently, particularly in construction. South Korea invested US$472.89 million last year, according to figures released by the country's embassy in Phnom Penh. That was down on an all-time high of $629.5 million in 2007. There are 475 South Korean companies registered in Cambodia, 173 of which were new last year.
Hun Sen said the government views agriculture as a key sector for the national economy that has protected the Kingdom from the full impact of the global economic crisis.
"I hope to see investment capital flow from [South] Korea to Cambodia."He added that the government has provided land to the private sector for large-scale agricultural projects to create rural employment. The private sector is encouraging Korean investment in agro-industry and food processing for export, rather than just the farming sector, according to Yang Saing Koma, president of the Cambodian Centre for Study and Development in Agriculture (CEDAC).
"It is good if Koreans come here to build processing capacity for domestic trade and export - we are still very weak in terms of processing capacity," he said.
He expressed concern over land disputes because of the confusion created over demarcation of state and private land. "It will help farmers if we can be sure that land concession won't come from grabbing farmers' land," said Yang Saing Koma.
But Ho Vandy, co-chairman of the Government-Private Sector Working Group, said Koreans have not yet expressed interest in tourism projects such as resorts or islands.
"I think to profit from tourism, it needs 10 to 20 years, and Cambodian investors should quickly take this opportunity," he said.
South Korea is a major source of tourism for Cambodia with 266,525 arrivals in 2008, or 12.5 percent of total foreign visitor numbers.
Cambodia was due to sign an Memorandum of Understanding with South Korea on mineral exploration in the Kingdom during the summit.
39 comments:
Since ye hath given my beloved beautiful wife and me the greatest honoral PhDs, therefore ye will be pleasantly invested anything in my Kingdom without any taxation!
Who's in this earth having more PhDs than me?
Korean knows how to corrupt HUN SEN.
US won't invest in Cambodia because HUN SEN is so corrupted.
you fucking always say like that,because your boss is American and you never known for the foriegn people you just to Mr Hun Sen everyday.You always said you fucking hatting of Vietnames ,but your family get married with the fucking Vietnames girls in your housewhole so stopping fuck racing ok.
Remember South Korean has long long issues with corruption. It just got a bit better when the former president(who killed himself last two weeks) took the office. However, his wife revitalized that culture, it was a shameful behavior of his wife, then he couldn't live longer even though he loves his people very much.
So, it is no doubt that South Korean knows very well how to treat SomDach Hun Sen's men to get things done for their businesses. For example Suu Ching company who destroyed thousand acres of land in Phnom Krom and Chung Khmea areas, they build a port, and they monopolize the areas. They still got things done (Sok Ann's behind them).
Frankly, good honest business people couldn't do well with SomDach Hun Sen's men because they don't know or they can't do such things, then they must stay away from them. We can even just look at his officials, some of them are good, want to do good for their society, but they eventually become the victims of their good willingness. So, they must keep quiet or walk away.,,,,,,,
Again, the cows will say with the cows, the buffaloes will say with buffaloes naturally. Good people will enjoy themselves with good people, and bad people will enjoy themselves with other bads. Corrupted government will enjoy its powers with their counterpart only!!!
11:26 calm down boy! and use your brain for the good of the world!
I can see 11:26 AM is uneducated like HUN SEN. All he knows how to have a conversation is swearing and attitude. He needs to be educated just like his BOSS HUN SEN. Dude, go get yourself some education and fit in this world with respect.
KhmerPP,
Good point KhmerPP,
You're truly make sense!!!!
That 11:26 AM must be a germ leftover from KR's regime now he fitted in HUN SEN's regime. Same old sfuff.
Khmer Serey,
i think the south korea should give him more money and more phd so he can use to educate the cpp learn how to do more corrupts.
uneducated hunkvak only get the bribe phd,...he has no shame by excepting sll these. This sound like he is purely the uneducated one. What the world would think about Cambodia if the its leader is the uneducated one? Even kindergarten kids would understand this.
This is blind he will be still blind. He can't see all corners. He has crossed eye.
HUN SEN the blind!!!!
Ooops!! I'm afraid he is going to sue me.
May lightning strike HUN SEN soon!!!
Some of you here will lead the world soon and able to send Mr. Hun Sen to Gantanamero-US military base.
LOL, Thanks! 2:50 AM!!!
Hun Sen got to go!!
Mr. Sam Rainsy will lead Cambodia out of poverty.
I'm on of CPP members and hate to see HUN SEN stick to this position without shame. Let someone else no matter CPP or not, we needed change.
CPP Member,
2:54Am I prefere Hun Chroy!
I think there are more uneducated former Khmer Rouge killers in the US, Australia, Canada, and France than in Cambodia itself.
Watch Tim Pek's movie Red Sense. It talks about that issue of the former Khmer Rouge killers blending themselves in the overseas Khmer community.
At least we know that the former Khmer Rouge in Cambodia reformed and reintegrated into our normal society since 1998. I don't know about the overseas ones though. They are probably the same as before being able to get away with crimes against humanity and still be allowed a chance at life in a place in the 1st world.
Watch your back all you overseas Hun Sen haters because among some of your colleagues, there is very likely some Khmer Rouge in there. You might even know it. You might even be it.
cambodia is fake democracy. all those top rank government officials are former khmer rouge . that's why they don't take criticism from public . if you dare to criticize them they will sue you for defamation. no democratic country in the world will sue you for defamation .. only cambodia
4:10AM it worst than that, lot of journalists and union leaders were killed from 1993, and Shihanouk and you do not know about it!
Be with real people dude!
3.15 am
only the rich and the powerful in cambodia are above the law . they kill who they dont like and get away with it . we live overseas , we all respect the law at the same level no matter who you are included former khmer rouge . no need to tell us to watch our back .. we are not in cambodia .
2:54 AM
Not sure, Mr Sam Rainsy can leads the world and helps Cambodia, it is more Cambodia helps Mr. Sam Raingsy.
Look at his picture ! He looks like animal and is shamefull to all Cambodian around the world.
As a Nation of 2000 years in history, we should have a better leader than this idiot. He knows nothing more than just begging for his own family and to leave all Cambodian to be poor and suffering.
CPP youth.
Hun quak look so urgly, if he was a women and a protitute, no one came by and pay him for sex. if he stand close by ex priminister of thailand he look like and servant of mr Taksin. that is why thai and youn give khmer a shit. we are sure need a change.
CPP party has been establisted by their honorable leaders such Hu Nim, Hu Yon, So Phim, etc.. and etc.. to restructure Cambodia into a country with good social justice, free of corruption and full freedom of speeches. But it was tragically that these good leaders have been killed by Pol Pot and his extrem camarade like Ieng sary, Nuon Chea and Khiev Samphann. Now CPP is in the hand all national robbers such as Sok An, Hun Sen, Cham Prasith, Keath Chhon etc.. and etc.. We need our old plateform back.
CPP youth
Ah Lop Lop 11:26AM is the one that most corrupted, i can see why he's so hot and steamyyyyyyyyyyyyyyyyy!
why you fucking blind? You think American good country to helping Cambodian people? How many of Cambodian were killed by American dropped the million of bomb in Cambodia country ?They want all bussineses around the world going down so all the millioner people lived in usa stopped their bussineses and let the world going down.
everyone, please come invest in cambodia. please take this opportunity; if you wait too long, you may not be able to affort it in the future as cambodia changes so fast more than you think. seeing is believing, my dear. god bless cambodia.
10:44 PM
Let's kill the ANT, or automatic negative thoughts, and encourage foreign investments in the country.
PPU
2:54 AM
If you're CPP member, you should be abashed of yourself.
Pi Anh: PPU
CPP youth
8:26 AM
Anything else you would lilke to ad to your comment?
If you're CPP member, you should be abashed of yourself. Or don't even call yourself "CPP Youth" bullshit, because you're worthless to be part or affiliate with the party.
Pi Anh: PPU
7:49 AM
Fuck you, asshole. A person like you deserves to be on death role.
Pi Anh: PPU
Pi Anh:PPU
This is your mom,need the black Such Krok can you find me one,or you can help mama now your dad not home.
Pi Anh:mamaPPU
Hun Sen will always be a Vietnamese-corrupted low life chain smoking Khmer Rouge peasant as long as he's alive. I don't see him as anything else aside from the fact that he's one of the biggest traitors in Cambodian history.
Hello idiot Pi Anh :PPU,
What wrong with me to be a member of CPP youth for good social justice and freedom of speeches?
It was our arguments to change the previous regime for dictatorship and killings of Pol Pot and Lon Nol and we wanted a good regime haven't we? we called Lon Nol as feuodal regime and Pol Pot as extremist regime. It was Hun Sen who has changed U turn without a green light. During 1979-1989, only those with good commitment to serve the nation were the good people. But now they all have betrayed us by stealing National assets and international aids for themselve. You should go hell for telling us lie.
CPP youth
1:50 PM
You and the rest of your clans are useless and worthless to the society. We don't need you.
Your inability to handle a simple truth is stupid and ignorant, yet your ignorance amuses me. In addition, you have the audacity to call yourself a youth for CPP. You're pathetic--to say the least.
Pi Anh: PPU
1:58 AM
What's your educational background, if you wouldn't mind my asking?
High school level? Perhaps lower?
Pi Anh: PPU
1:50
You sound very upset, right? Well, don't be, and I'm not pinning any blame on you. In fact, it's part of being a human garbage (of course, from your species). Yes, I'm quite honor to deal with human garbage like yourself.
Pi Anh: PPU
Folks! i have to agree with 9:41AM! he's got the point there...
Look at the way you are training for to shut out all critic to ignorance leadership of CPP. For the muslim world, you are one of the fanatical group being trained by a small group of CPP to sell Cambodia out. Our orginal CPP policy was totally different. It has prohibited people from stealing, from corrupting and from human exploitation. But your guys are daily thieves and national traitors. Go to hell PPU or lightening to PPU for the sake of National reconcilliation !!
Bravo CPP youth for a change !
Stop accusing other! What do we get from accusing other? No matter what Khmer we are, where we live, who we are, we all still Khmer. Khmer has been fighting for many years. That is enough. It is boring and sick of seeing we cursing and insulting the other. It is time that we should support each other to protect our homeland from the neighbors that try to wolf down Cambodia land. Remember one thing; we gain nothing from using the obscene language. May, God bless Cambodia / Cambodians.
Bravo Bravo!!! Nowadays, Khmer still fight with Khmer, curse and insult each other. why don’t you all blast out your rages, and hatred to our neighbor (SIEM) that trying to dispute our lands instead of fighting with your countryman’s.
resident Lee Myung-bak told leaders of the 10 countries Monday. South Korea is trying to build ties and trade with ASEAN countries to help avoid a recession.
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