Asia Business Investor Blog

Korea is investing heavily in the future of Cambodia. According to figures by the Korea International Trade Association, investment in Cambodia showed a steep on-year growth of US$1.3 billion making Cambodia the second-biggest destination after China in terms of Korea's overseas investment. In particular, South Korean investment in Cambodia has increased sharply as Cambodia recorded high economic growth and achieved further political and social stability.

Beginning in the late 1990s, South Korean investors began to look at Cambodia as the country regained political and social stability. Recently, some South Korean investors who had invested in China and Vietnam have been moving into Cambodia. With this trend, South Korean investment in Cambodia has been diversified. Initially, South Korean investment was concentrated on the garment manufacturing sector but now banking, agro-industry, manufacturing, real estate development and IT sectors are the dominating fields of South Korean investment in Cambodia.

A great example of the investment optimism that is Cambodia today is Camko City. In March this year, South Korean company Yon Woo Inc., started building 42-story luxury condominium twin towers worth about US$250 million in central Phnom Penh. World City Co., of South Korea, is investing US$2 billion to build a “satellite” urban complex called Camko City on a 300-acre (121-hectare) area on the northwestern outskirts of Phnom Penh. The project, the single biggest foreign direct investment in Cambodia to date, is to include residential, commercial and public facilities, including villas, condominiums, trade and financial centers, office buildings, shopping centers, hotels, schools and hospitals The video below provides an overview of the Camko City development . 

Cambodia looks to be the investment destination for Korean business and this will provide many opportunities for business in general as the country will continue to grow. Visit www.asiabusinessinvestor.com to check out or post business and investment opportunities in Cambodia today.