Wednesday, June 25, 2008

Cambodia, Laos See Surge in Korean Investments


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.

Arirang News

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