S. Korean-funded roads opens to traffic in Cambodia

Roads built with low-interest policy loans from South Korea have opened to traffic in Cambodia, the finance ministry said Monday. The roads near the Vietnamese border in the Southern part of Cambodia, are part of a broader infrastructure project undertaken by Phnom Penh to meet ...

Yonhap News Agency Staff
http://english.yonhapnews.co.kr/business/2015/06/29/0503000000AEN20150629005200320.html

Korea to invest $4 mil. to restore Cambodian temple

Korea will use its first Official Development Assistance (ODA) for the preservation and restoration of foreign cultural properties to restore ancient Cambodian temples. According to the Cultural Heritage Administration (CHA) and the Korea International Cooperation Agency (KOICA), Korea will invest $4 million in ODA to Preah ...

Kwon Mee-yoo
http://bit.ly/1y7tTTd

Cambodia the focus of new IT training course

Cambodia boasts one of the youngest populations in Southeast Asia, with youth under 30 making up nearly 68 percent of the total number of people in the country, according to the United Nations. And its young demographics and relatively cheap labor are just a few of ...

Park Eun-Jee
http://koreajoongangdaily.joins.com/news/article/Article.aspx?aid=2990542

Questions over spending plan

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

May Kunmakara and Kevin Ponniah
http://www.phnompenhpost.com/national/questions-over-spending-plan

South Korea and Japan provide aid

The Japanese and South Korean governments yesterday announced millions of dollars in aid to Cambodia for a scholarship program and a number of rural development projects. Minister of Foreign Affairs Hor Namhong and Japanese Ambassador Kumamaru Yuji signed for a $2.85 million grant yesterday to fund ...

Vong Sokheng and Cheang Sokha
http://www.phnompenhpost.com/national/south-korea-and-japan-provide-aid

Exchange to receive millions

Cambodia’s stock exchange will receive a $2.5 million funding injection from the South Korean government in an attempt to draw more corporate interest from companies who may want to go public, according to a recent report on state media site AKP. The funds will go towards ...

Eddie Morton
http://www.phnompenhpost.com/business/exchange-receive-millions

Database will assist farmers

Rural farmers will soon be able to access farming information via experts under an initiative of the International Fund for Agriculture Development (IFAD). The project, with Bangladesh-based Grameen-Intel, encourages local entrepreneurs to first reach out to small farmers and collect data about crops. This is then ...

Daniel de Carteret
http://www.phnompenhpost.com/business/database-will-assist-farmers

KOICA chief agrees with Cambodian leader to widen development assistance

The chief of South Korea’s official development assistance (ODA) body agreed with the Cambodian prime minister on Tuesday to further widen grant aid programs to the Southeast Asian country. The grant aid programs were discussed in a meeting between Prime Minister Hun Sen and the Korea ...

Park Bo-ram
http://english.yonhapnews.co.kr/national/2013/10/22/8/0301000000AEN20131022011600315F.html

Hun Sen leaves for ASEAN Summits in Brunei

Prime Minister Hun Sen left Monday to attend the 23rd ASEAN summit as well as other related meetings in Brunei, said Srey Thamrong, a minister attached to Hun Sen. The summits held from October 9-10 will include the 23rd ASEAN Summit, 16th ASEAN-Japan Summit, 16th ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NWZjNjg3OWRkNDA

S. Korea’s financial body inks deal to assist Cambodia in banking supervision

South Korea’s Financial Services Commission (FSC) and the National Bank of Cambodia (NBC) on Friday signed a Memorandum of Understanding (MoU) on the provision of technical support for Cambodia’s banking and financial supervision, according to a press release after the signing ceremony. “The MoU will ...

http://www.nzweek.com/business/s-koreas-financial-body-inks-deal-to-assist-cambodia-in-banking-supervision-48413/

Seoul Court Releases CEOs Tied to Local Projects

The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...

S. Korea, Cambodia Agree On Sharing Military Supplies

South Korea and Cambodia have agreed to share military supplies in peacekeeping and rescue operations as part of efforts to expand military ties between the two sides, the defense ministry here said Tuesday. Lee Seon-chul, the head of the South Korean defense ministry’s logistics managment bureau, ...

South Korea Donates Trucks to Cambodian Gov’t

The Republic of Korea donated more than 200 military trucks to the Cambodian government last month, a port official said yesterday. Sam Heng, administrative chief of the Sihanoukville Autonomous Port, said the 241 trucks were strictly for transportation. “The trucks arrived before the elections. They’re military cargo ...

Gov’t Reveals Chinese, Korean Railway Plans

The Chinese and South Korean governments have been granted permission to build 565 km of new railroad in Cambodia and have already conducted feasibility studies, according to a government report released yesterday. In its annual report, the Ministry of Public Works and Transport said that plans ...

South Korea lends $52.2M for road renovation

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...

South Korea loans $21 million for rural improvement

H.E. Aun Pornmonirath, Secretary of State of the Ministry of Economy and Finance of Cambodia and Mr. Sang Wang Byun, Executive Director of Export-Import Bank of the Republic of Korea, on September 21 signed $21 Million Loan Agreement for Cambodia’s Rural Roads Improvement Project. “The ...

http://thesoutheastasiaweekly.com/

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