News

Korea and local investors to establish a modern shopping mall in Phnom Penh

Korea is joining hands with Cambodian investor to establish the biggest shopping mall of international standard in Phnom Penh to correspond to the capital’s increasingly modernising lifestyle. ...

Lim Nary
http://www.akp.gov.kh/?p=106861

Cambodia bets on Saemaeul movement to spur rural reform

With agriculture still the mainstay of its economy, Cambodia is seeking to reform rural communities in partnership with Korea to shore up residents’ livelihoods and boost grain exports. The Southeast Asian country is seeking to follow in the footsteps of the “Saemaeul Undong,” or New Community ...

Shin Hyon-hee
http://www.koreaherald.com/view.php?ud=20141109000243

Bird’s nest producers eye China market

Edible bird’s nest producers have called on the Ministry of Commerce (MoC) to facilitate the industry’s access to the Chinese market. Nang Sothy, president of the Cambodia Bird’s Nest Federation, said yesterday that the association had requested the MoC to include the delicacy on the list ...

Chan Muyhong
http://phnompenhpost.com/business/bird%E2%80%99s-nest-producers-eye-china-market

Chinese squeeze out tour groups in Siem Reap

Japanese and Korean tourists are being turned away from hotels in Siem Reap City due to an increase in bookings by Chinese visitors, Tourism Minister Thong Khon said on Wednesday. Speaking at the tourism industry’s three-day expo on Phnom Penh’s Koh Pich island on Wednesday, Mr. ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/chinese-squeeze-out-tour-groups-in%E2%80%88siem-reap-69544/

Cambodia's garment industry seen approaching crossroads

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjY3NTFlNmIzMTU

Hor Namhong to attend ASEAN-EU meeting next week

Cambodia’s Foreign Minister Hor Namhong will lead a delegation to attend the 20th ASEAN-EU Ministerial Meeting in Brussels, Belgium, next week, according to a statement issued Friday by Ministry of Foreign Affairs and International Cooperation. The statement said the meeting invited by Mrs Catherine ASHTON, high ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1

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

Borei Keila firm told to pay $2.7 million

Suy Sophan, the owner of development firm Phan Imex, has been ordered to repay $2.7 million to a Korean company over an uncompleted sale of land at Borei Keila, from where hundreds have been violently evicted, a court document reveals. In a decision handed down in ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/borei-keila-firm-told-pay-27-million

China fuels Cambodia’s airline growth

The Centre for Asia Pacific Aviation says Cambodia’s aviation market grew briskly for the second consecutive year as national and foreign airlines added routes to China amid a surge in Chinese nationals visiting the country. The centre reported Cambodia has emerged as one of the fastest ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/02/china-fuels-cambodias-airline-growth/

Postal service revenue up

Operating revenue at the partly state-owned mail service, Cambodia Post (CP), rose more than 10 per cent last year compared to 2012, according to a senior government official. Ork Bora, CP’s general director, said that revenue reached $4.56 million, an increase of 12.54 per cent from ...

May Kunmakara
http://www.phnompenhpost.com/business/postal-service-revenue

NGO pair sought over Korea work scam

Authorities issued an arrest warrant last week for the director of a local NGO involved with an operation that allegedly bilked thousands out of money by claiming the company could find them work in South Korea. Warrants for the arrests of Theun Samnang, head of NGO ...

Sen David
http://www.phnompenhpost.com/national/ngo-pair-sought-over-korea-work-scam

First mango export factory planned

Mong Reththy Group is co-investing $2 million to build a factory in Preah Sihanouk province for the packaging and export of Cambodian mangoes, the first company to formally ship the fruit overseas. Located in Koe Phos commune, the factory will cover 12 hectares of land and ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-mango-export-factory-planned

Textile Industry Gets Lessons From Korean Designers

Cambodian manufacturers on Wednesday received training from Korean designers on how to make apparel in line with current fashion trends in the hopes of assisting them in penetrating the lucrative but difficult Korean market. The event was organized by the ASEAN-Korea Center—an intergovernmental organization that aims ...

http://www.cambodiadaily.com/business/textile-industry-gets-lessons-from-korean-designers-35468/

Kingdom’s crafts can be hit in Korea

Cambodian handicrafts and home decor products could take off with South Korean buyers if certain obstacles – conceptual design, development techniques, and slow delivery services – are overcome, business owners and merchants said yesterday. Speaking at a seminar on Korean Market Access for Cambodia’s textiles at ...

http://www.phnompenhpost.com/business/kingdom%E2%80%99s-crafts-can-be-hit-korea

Korea trade nears $1 billion

Bilateral trade between Cambodia and South Korea nearly reached the $1 billion dollar realm in 2012, a hike of nearly 100 per cent from the year before, senior officials said yesterday. According to official data from the Korea Trade-Investment Promotion Agency, total bilateral trade between ...

http://www.phnompenhpost.com/business/korea-trade-nears-1-billion

Cambodia: A rising star with a falling reputation?

Cambodia’s reputation as a standard-bearer for apparel workers’ rights is wearing thin – and yet the country is a rising star when it comes to attracting foreign investment and increasing exports. There are many reasons to deter brands and retailers from sourcing clothing in Cambodia. The Kingdom ...

http://www.just-style.com/analysis/a-rising-star-with-a-falling-reputation_id117944.aspx

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