South Korean ambassador to Cambodia Park Heung-kyeong is optimistic about the new investment law and free trade agreement (FTA) signed between the two countries turning out to be important factors in enhancing bilateral trade and encouraging more direct investment flows from his country to the latter. The envoy was addressing the Cambodia-Korea Forum 2021 recently.
The event was organised by the Council for the Development of Cambodia in collaboration with the South Korean embassy in Phnom Penh and the Korea Trade and Investment Promotion Agency to disseminate information regarding the new law to about 100 South Korean investors.
Though bilateral trade was worth $1.032 billion in 2019, as the pandemic took off, it dropped to $884.88 million in 2020, according to statistics from the Korea International Trade Association (KITA).
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