ID :
10999
Sat, 06/28/2008 - 10:28
Auther :
Shortlink :
https://oananews.org//node/10999
The shortlink copeid
Laos, Cambodia see surge in Korean Investments
(KPL) Laos and Cambodia 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.
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.
