South Korea and Cambodia have signed a double taxation avoidance pact, in a move to boost bilateral economic cooperation, Seoul’s finance ministry said Tuesday.
The pact was signed last week in Busan, South Korea at bilateral talks between South Korean Foreign Minister Kang Kyung-wha and her Cambodian counterpart, Prak Sokhonn, the Ministry of Economy and Finance said in a statement.
The pact is expected to help ease tax burdens for South Korean firms doing businesses in Cambodia, the ministry said.
