Korea Trade-Investment Promotion Agency: The Exports from Cambodia Increased by 258.7% – Thursday, 29.7.2010

Posted on 30 July 2010. Filed under: Week 675 | Tags: , , , , , , , , , , , , , , , , , , , |

The Mirror, Vol. 14, No. 675

“Phnom Penh: The director of the Korea Trade-Investment Promotion Agency said that Cambodian exports to South Korea increased up to 258.7%.

“The director of the Korea Trade-Investment Promotion Agency to Cambodia, Mr. Lee Gwang-Ho, said on 28 July 2010 that investment and trade between Cambodia and Korea increased remarkably within the first six months of 2010.

“He added that the amount of exports from South Korea to Cambodia increased only by 22% while the exports from Cambodia to Korea rose by as much by 258.7% in the first six months of 2010, compared with the corresponding period last year.

“According to figures provided by Mr. Lee Gwang-Ho, though the export of Cambodia to South Korea went up, the total value of export is still low.

“He said, ‘The export from Korea to Cambodia was US$153,462,000, while the export from Cambodia amounted to only US$22,635,000.’

“The products from South Korea exported to Cambodia are mostly textile products in the form of raw materials needed by the garment factories, cars and trucks, garments, food, pesticide, medicines and other substances, tires and spare parts, whereas the products exported from Cambodia to South Korea include garments, forestry products, aluminum, food, machines used in construction, minerals, and shoes.

“According to Mr. Lee Gwang-Ho, by March 2010, Korean investments were still the biggest in Cambodia. The total investments by Korean companies registered is about US$2.7 billion.

“He went on to say that the fields of investment of Korean investors in Cambodia are the following: 52% in real estate, 21% in construction, 7% in the production sector [South Korea establishes production facilities in Cambodia to create products], 3% in the mineral sector, 3% in tourism, 3% in banking, 3% in services, 3% in agriculture, 2% in technical services, and 1% in telecommunication.” Rasmei Kampuchea, Vol.18, #5262, 29.7.2010

Newspapers Appearing on the Newsstand:
Thursday, 29 July 2010

Kampuchea Thmey, Vol.9, #2313, 29.7.2010

  • Almost Ten Persons Armed with Weapons Robbed Documents of Oknha Ly Say Kheang [at his company – Phnom Penh]
  • More Than 3000 Workers of the PCCS Garment Factory Continue to Strike [to demand that the factory re-employ one representative of them; ten of them sustained injuries after a clash with police – Phnom Penh]

Koh Santepheap, Vol.43, #7020, 29.7.2010

  • [About 100] Citizens [representing 225 families] from the San Kor Commune in Kompong Svay District Asked for an Intervention by Samdech Dekchor Hun Sen [near his residence in Phnom Penh; their rice fields of about 821 hectares are to be delivered to a private company by order of a court – Kompong Thom]

Moneaksekar Khmer, Vol.17, #3944, 29.7.2010

  • Google Corrected a Section of Googlemaps [on the Internet] for the Preah Vihear Temple Region after Cambodia had Protested in February [before, half of the temple had been shown to be in Thai territory]
  • The Sam Rainsy Party Condemned that Armed Forces Had Suppressed Workers of the PCCS Garment Factory, Injuring 15 Workers [Phnom Penh]

Nokor Wat, Vol.1, #16, 29.7.2010

  • Siam [Thailand] Warned to Walk Out from the UNESCO Meeting [of the World Heritage Committee if it supports the unilateral Cambodian development plan for the Preah Vihear Temple – the World Heritage Committee had requested that Cambodia should develop a management plan together with Thailand and up to six other countries]
  • Cambodia Has One Million Hectares of Land for Rubber Plantations [according to the head of the Rubber Plantation Department, Mr. Ly Phalla]

Phnom Penh Post [Khmer Edition], Vol.1, #225, 29.7.2010

  • Vietnamese Rubber Plantation Companies Step Up Investments in Cambodia to US$1 Billion [to plant rubber trees on 100,000 hectares]
  • [President of the Cambodian Independent Teachers’ Association] Rong Chhun: The Answers to Test Items [of mathematics of the Grade 12 exam] Leaked on Tuesday Night [in Phnom Penh, Kompong Cham, Svay Rieng, and Sihanoukville; the exam finished on Wednesday 28 July 2010; he planned to send a report to the Ministry of Education]
  • A Plane Crash in Pakistan Killed 150 People

Rasmei Kampuchea, Vol.18, #5262, 29.7.2010

  • Korea Trade-Investment Promotion Agency: The Exports from Cambodia Increased by 258.7%
  • Cambodia Does Not Care about the Decision of the Thai Cabinet That Opposes the Preah Vihear Temple Development Plan
  • Two Big Casinos [Holiday and Kompong Som City] Allow Khmer Citizens to Do Football Betting [while it is prohibited – Sihanoukville]

Have a look at the last editorial – you can access it directly from the main page of the Mirror.
And please recommend The Mirror also to your colleagues and friends.

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