Phnom penh: H.E. Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), engaged in a discussion with a delegation from the Korean Chamber of Commerce in Cambodia (KOCHAM), led by Mr. Sungsoo Kim, CEO of Prime Micro-Finance Institution. The meeting aimed to strengthen economic ties and enhance the investment climate.
According to Agence Kampuchea Presse, the discussion highlighted the strong economic relationship between Cambodia and the Republic of Korea, while introducing mechanisms to address challenges and seize investment opportunities. H.E. Deputy Prime Minister emphasized the importance of the "Cambodia-Korea Public-Private Sector Dialogue," a platform for addressing investor concerns.
He urged KOCHAM and Korean companies to report issues through this mechanism for timely facilitation by the Royal Government. As the "One-Stop Service" arm, H.E. Deputy Prime Minister reaffirmed CDC's commitment to facilitating foreign direct investment by streamlining processes.
Expressing a desire for more Korean investors, he encouraged KOCHAM to identify high-potential investment projects suitable for Korean corporations. The parties discussed activities to boost confidence and expand business networks, including an Investment Roadshow in Korea and a Monthly Working Breakfast initiative.
Mr. Sungsoo Kim informed H.E. Deputy Prime Minister of Korean investors' interest in Cambodia due to its socio-economic development. He added that KOCHAM will act as a bridge in conveying business concerns to official dialogue mechanisms, contributing to Cambodia's economic prosperity.
This meeting strengthens ties and marks a step toward positioning Cambodia as a prime investment destination for Korean companies, under CDC's facilitation.