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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Cambodia, Republic of Korea Explore Establishing Special Economic Zone

  • Posted May 17, 2024 10:48 by EAC News
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Phnom Penh, May 17, 2024 – Cambodia and the Republic of Korea are studying the possibility of establishing a Cambodia-Korea special economic zone in specific areas to attract more Korean investors.

On the morning of Thursday, May 16, 2024, First Deputy Prime Minister Sun Chanthol, also the First Vice President of the Council for the Development of Cambodia, co-signed a Memorandum of Understanding (MoU) with Ahn Dukgeun, Minister of Commerce, Industry, and Energy of the Republic of Korea. The MoU was signed between the Cambodia Development Advisor Group and the Korean Ministry of Commerce, Industry, and Energy to promote investment cooperation.

The signing ceremony was presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol.

The MoU aims to strengthen cooperation on investment facilitation in both countries by creating a conducive environment for the establishment and expansion of investment and business activities.

The two sides agreed to explore the possibility of establishing a Cambodia-Korea special economic zone in specific sectors to attract more Korean investors.



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