South Korea passes bill to ratify tax deal
The South Korean Assembly has passed a bill to ratify a double tax agreement (DTA) with Cambodia. Double Taxation Agreements (DTAs) are treaties between two or more countries to avoid international double taxation of income and property. ...
Jason Boken
https://www.khmertimeskh.com/50807137/south-korea-passes-bill-to-ratify-tax-deal/
Korea FTA planned to be signed in October
Minister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official. ...
May Kunmakara
https://www.phnompenhpost.com/business/korea-fta-planned-be-signed-october
Korea’s KB Kookmin Bank says completes acquisition of Prasac
South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...
May Kunmakara
https://www.phnompenhpost.com/business/koreas-kb-kookmin-bank-says-completes-acquisition-prasac
Envoy enlisted in South Korea tourist push
South Korean ambassador to Cambodia Park Heung-kyeong has joined in the pursuit to encourage residents of the East Asian country who are fully vaccinated against the novel coronavirus to choose the Kingdom as their next holiday getaway, after tourism revival plans kick off in end-November. ...
Hin Pisei
https://www.phnompenhpost.com/business/envoy-enlisted-south-korea-tourist-push
South Korea plans Siem Reap ASEAN tree garden
South Korea plans to establish an ASEAN tree garden in Siem Reap province next year, as a symbol of enhanced relations, cooperation and connectivity between the East Asian country and the regional bloc. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/south-korea-plans-siem-reap-asean-tree-garden
Ministry, Korea seek site for new food testing centre
The Ministry of Industry, Science, Technology and Innovation is teaming up with South Korea to find a suitable location in Cambodia to set up a food testing centre over the next five years, and make inspections of domestic and export products for quality, safety and ...
Nov Sivutha
https://www.phnompenhpost.com/business/ministry-korea-seek-site-new-food-testing-centre
S. Korea to Establish Natural Park Near Cambodia’s Angkor Wat
A Korean-style forest park will be set up near Angkor Wat Buddhist temple complex, Cambodia’s most famous tourist destination, using South Korean forest management technology. ...
Khmer Times Staff
https://www.khmertimeskh.com/501030841/s-korea-to-establish-natural-park-near-cambodias-angkor-wat/
South Korea pushes for digital cooperation
South Korea’s Ministry of Science and ICT have expressed interest in enhancing cooperation between Korean digital companies and those in Cambodia, in order to support digital business development in the Kingdom. ...
Sok Raksa
https://www.phnompenhpost.com/national/south-korea-pushes-digital-cooperation
Foreign ministry investigating allegations of service passport
A Cambodian Monk in South Korea alleged that there are some officials in the Foreign and Interior Ministries illegally issuing service passports for Cambodian migrants in order to work in South Korea, according to video footage posted by a local media outlet on Monday. The ...
Ven Rathavong
http://www.khmertimeskh.com/news/21777/foreign-ministry-investigating-allegations-of-service-passport/
South Korea quota allows Cambodians to register to work
The Ministry of Labour announced yesterday that thousands of Cambodian workers can register to work in South Korea through the Employment Permit System (EPS). ...
Sen David
https://www.khmertimeskh.com/50825247/south-korea-quota-allows-cambodians-to-register-to-work/
South Korea ready to assist ‘digital government’ effort in Kingdom
The “Cambodian Digital Government Policy 2022-2035” was approved earlier this year, and is expected to link the Kingdom under the three foundations of Digital Citizens, Digital Government and Digital Businesses. ...
Hong Raksmey
https://www.phnompenhpost.com/national/south-korea-ready-assist-digital-government-effort-kingdom
Cambodia sends 4,779 laborers abroad in Q1
Cambodia has dispatched 4,779 workers to Thailand, South Korea and Japan in the first three months of this year, according to a report from the Ministry of Labor on Friday. During the January-March period this year, the country sent 4, 100 workers to Thailand, 678 workers ...
Korean earned income to rise
Cambodians working in South Korea this year are expected to remit up to US$80 million to the Kingdom as up to 40 per cent more Cambodian labour heads to the East Asian nation compared to last year. The Ministry of Labour and Vocational Training expects at ...
http://www.phnompenhpost.com/index.php/2012082958336/Business/korean-earned-income-to-increase.html
S Korean farming industry slammed
Long considered the friendlier and less exploitative option for overseas Cambodian migrants, South Korea is now being slammed by Amnesty International for a number of abuses afflicting its migrant-dominated agriculture sector. The 20,000 foreign workers fuelling South Korea’s farming industry regularly encounter intimidation, violence, excessive working ...
Laignee Barron
http://phnompenhpost.com/national/s-korean-farming-industry-slammed
Ministry inks $63 million water treatment project
The Public Works and Transportation Ministry yesterday signed a contract with South Korea’s Dohwa Engineering Company to develop a multi-million dollar water treatment facility in Kandal province’s Takhmao city. ...
Sen David
https://www.khmertimeskh.com/50563331/ministry-inks-63-million-water-treatment-project/
Microfinancer Prasac looking to partner up with Korean giant
Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microfinancer-prasac-looking-parter-korean-giant
Beijing supports Asian free-trade area
Premier Wen Jiabao said on Monday China supports pushing forward an Asian free-trade area, which will cover 28 percent of world’s total export volume. Previous reports said China is expected to make announcements on Tuesday in Phnom Penh that it will join the talks for the ...
http://www.chinadaily.com.cn/china/2012-11/20/content_15942795.htm
Exports to S Korea help reduce current trade deficit: pundit
Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-s-korea-help-reduce-current-trade-deficit-pundit
More than 7,000 pass Korean language test
The results of a Korean proficiency test for would-be migrant workers were released Wednesday, with more than 7,000 Cambodians qualifying as prospective laborers in South Korea’s agriculture, manufacturing and construction sectors, according to officials. ...
Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/news/more-than-7000-pass-korean-language-test-88560/
New companies of KIAF aim to expand business operations and invest in furniture, engineering, and automotive sectors in Cambodia
Cambodia Prime Minister Hun Manet paid a courtesy call to MARN Ki-jeong, President of the Korea Industrial Alliance Forum (KIAF), during his official visit to Seoul, Republic of Korea, on May 17, 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501490369/new-companies-of-kiaf-aim-to-expand-business-operations-and-invest-in-furniture-engineering-and-automotive-sectors-in-cambodia/