South Korea leads Asia’s big three as Cambodia’s leading investor
South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). … This represents 33 per cent of the total $2.28 billion of foreign investment in the Kingdom last year. Korea was followed by the world’s second-largest economy, China, who invested $263.6 million, while Japan was third, with a total investment of about $212.3 million. … While China and Korea are usually top investors in Cambodia, Dr Vong Sam Ang, general manager of Soma Consulting Services, welcomed the jump in Japan’s position as positive for the Kingdom’s image on Japan’s investment map. According to the Asia Business Outlook Survey 2013, only about 1.2 per cent of the survey’s respondents are investing heavily in Cambodia, while 15.3 per cent of companies are investing moderately. Most potential investors are observing the situation, ABOS stated. Nineteen per cent do business in Cambodia, but have not invested on the ground, and 28.2 per cent are watching and assessing, but not doing business as of yet. …
