July 11 (Bloomberg) -- South Korea's stock exchange and Cambodia have formed a joint venture that is aiming to open a stock market in the Southeast Asian country in December.
The Cambodian government will hold a 55 percent stake in Cambodia Securities Exchange Co., while Korea Exchange Inc. will own the remainder, the South Korean bourse operator said in an e-mailed statement today.
The Korean company will provide information-technology systems in return for the stake, while Cambodia will offer the site and building for the bourse, today's statement said. The venture's board will be comprised of four people from Cambodia and three from Korea Exchange, the statement said.
Korea Exchange this year also helped Laos, Southeast Asia's smallest economy, open its stock market. The Lao Securities Exchange is 51 percent owned by the Laotian government and 49 percent held by Korea Exchange.
--Editors: Darren Boey, Matthew Oakley
4 comments:
Koh Tral Island must not be forgotten
By Ms. Rattana Keo
Why do Koh Tral Island, known in Vietnam as Phu Quoc, a sea and land area covering proximately over 30,000 km2 [Note: the actual land size of Koh Tral itself is 574 square kilometres (222 sq miles)] have been lost to Vietnam by whose treaty? Why don’t Cambodia government be transparent and explain to Cambodia army at front line and the whole nation about this? Why don't they include this into education system? Why?
Cambodian armies are fighting at front line for 4.6 km2 on the Thai border and what's about over 30,000km2 of Cambodia to Vietnam. Nobody dare to talk about it! Why? Cambodian armies you are decide the fate of your nation, Cambodian army as well as Cambodian people must rethink about this again and again. Is it fair?
Koh Tral Island, the sea and land area of over 30,000 square kilometres have been lost to Vietnam by the 1979 to 1985 treaties. The Cambodian army at front line as well as all Cambodian people must rethink again about these issues. Are Cambodian army fighting to protect the Cambodia Nation or protecting a very small group that own big lands, big properties or only protecting a small group but disguising as protecting the Khmer nation?
The Cambodian army at front lines suffer under rain, wind, bullets, bombs, lack of foods, lack of nutrition and their families have no health care assistance, no securities after they died but a very small group eat well, sleep well, sleep in first class hotel with air conditioning system with message from young girls, have first class medical care from oversea medical treatments, they are billionaires, millionaires who sell out the country to be rich and make the Cambodian people suffer everyday.
Who signed the treaty 1979-1985 that resulted in the loss over 30,000 km2 of Cambodia??? Why they are not being transparent and brave enough to inform all Cambodians and Cambodian army at front line about these issues? Why don't they include Koh Tral (Koh Tral size is bigger than the whole Phom Phen and bigger than Singapore [Note: Singapore's present land size is 704 km2 (271.8 sq mi)]) with heap of great natural resources, in the Cambodian education system?
Look at Hun Sen's families, relatives and friends- they are billionaires, millionaires. Where did they get the money from when we all just got out of war with empty hands [in 1979]? Hun Sen always say in his speeches that Cambodia had just risen up from the ashes of war, just got up from Year Zero with empty hands and how come they are billionaires, millionaires but 90% of innocent Cambodian people are so poor and struggling with their livelihood every day?
Smart Khmer girl, President Ms. Rattana Keo,
It's always more logical to post a right comment on a right article!!
Sorry to intrude, but I have quick question.
Does anyone know if stunt gun is legal in Cambodia?
Our family will travel to Cambodia (from Washington DC) for the first time, and we're very excited.
Thanks for your time.
rich people when they travel should carry a mace spray too to protect themselves from purse snatcher, really! use lots of common sense as well, ok!
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