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
Source: http://english.chosun.com/w21data/html/news/200806/200806250006.html
Nicholas said
This is great news for business. I think that the Korean investors are very smart for doing this and I look forward to seeing future developments. It is very forward thinking.