Tag Archives: Korea

In Africa, Investments Abound Reply

by • Africa News • Tags: , , , , , , , , ,
The African continent is attracting FDI from a wide variety of countries

The African continent is attracting FDI from a wide variety of countries

Reposted from US News & World Report
By Stephen Hayes

It is not difficult to understand why American market share in Africa has dropped significantly over the past five years. While real American investment in Africa is up slightly due to oil prices and increased exploration, as well as a more aggressive posture by some companies such as General Electric, other countries are now far more active in the world’s largest developing marketplace. More…

South Korea leads Asia’s big three as Cambodia’s leading investor Reply

by • Cambodia News • Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

The three main Asian economic powers, China, Japan and Korea, were the largest investors in Cambodia

The three main Asian economic powers, China, Japan and Korea, were the largest investors in Cambodia

Reposted from The Phnom Penh Post
By Hor Kimsay

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). More…

Regional Comprehensive Economic Partnership to create huge market Reply

by • Cambodia News • Tags: , , , , , , , , , , , , , , , , , ,

The RCEP was officially launched on Tuesday during the 21st ASEAN Summit in Phnom Penh

The RCEP was officially launched on Tuesday during the 21st ASEAN Summit in Phnom Penh

Reposted from The Phnom Penh Post
By May Kunmakara

Cambodia’s ASEAN economic minister said the official launch of the negotiations for the Regional Comprehensive Economic Partnership (RCEP) will lead to potentially forming the biggest single market in the region and is much bigger than the traditional markets of the US and the EU. More…

‘Laos eager to learn from Korea’ Reply

by • Laos News • Tags: , , , , ,

Thongsing Thammavong

Laotian Prime Minister during an interview with The Korea Times


Reposted from The Korea Times
By Chung Min-uck

Laos, a Southeast Asian country landlocked by five other nations including China, is eyeing Korea as a key partner for foreign investment, according to the Laotian prime minister.

The head of the Laos government, Thongsing Thammavong made a rare two-day visit to Seoul through Thursday to enhance bilateral economic ties with Korea. More…

South Korean Consortium to Build Power Plant in Yangon Reply

by • Myanmar (Burma) News • Tags: , , , , , ,

Reposted from the Myanmar Times
By Stuart Deed

YANGON is set to receive improved electricity supply in the future following an agreement signed between the government and a South Korean consortium to build a gas-fired power plant outside Yangon last week.

South Korea’s BKB Consortium, Korea Western Power Co and Hyundai Engineering and Construction Co Ltd signed a deal with the Yangon Electricity Supply Board to build a 500-megawatt gas-fired power plant on June 3, the state-run New Light of Myanmar newspaper reported the following day. More…

Vietnam emerges as key market for Korea Reply

by • Vietnam News • Tags: , , , , , , ,

Food market in Vap District, Saigon, Vietnam

Food market in Vap District, Saigon, Vietnam

Reposted from The Korea Herald
By Yang Sung-jin

Bilateral relations improve as Vietnam’s economy continues to grow

Vietnam is emerging as a major market for Korean goods on the strength of strong sales of Korean cars and mobile handsets, the Ministry of Strategy and Finance said Monday.

In a report on the 20th anniversary in which Korea forged formal ties with Vietnam, the ministry said the middle-class consumers in Vietnam were showing greater appetite for Korean products and that the Vietnamese government was encouraging Korean firms to enter the local market. More…

Hanoi coming to the fore; Foreign firms are betting on the capital, drawn by opportunities in the distressed market and its long-term potential Reply

by • Vietnam News • Tags: , , , , , , , , , ,

High-Rise Condominium project outside of Saigon, Vietnam

High-Rise Condominium project outside of Saigon, Vietnam

South China Morning Post
By Peta Tomlinson

On January 1, 2009, Vietnam opened the door allowing foreigners to buy condominiums for the first time, subject to certain conditions. The result was more like a floodgate effect, as cashed-up investors realised how far their money could go in a new market with low entry prices. According to the latest CBRE figures, Vietnam still has the cheapest luxury residential real estate in the region, averaging US$4,325 per square metre in the second quarter of this year, compared to US$8,468 per square metre in Beijing, and US$24,974 per square metre in Singapore. More…

Civil war over, Sri Lanka pitches trade Reply

by • Sri Lanka News • Tags: , , , , , , , ,

Sri Lanka

Sri Lanka

Reposted from The Korea Times

With the long civil war now finally behind Sri Lanka, a trade delegation visited Seoul to make the case lifting trade and investment with the South Asian island nation.

Organized by the Sri Lankan Embassy here, trade officials pitched to a crowd of Korean businessmen reasons why now is the time to invest in Sri Lanka in a forum at the Korean Chamber of Commerce and Industry on Oct. 17.

Sri Lankan Ambassador to Korea Tissa Wijeratne said, ‘Like the old adage, ‘The happiest person is the one meeting friends on the road and entertaining friends at home,’ we should explore open new avenues of friendship between Korea and Sri Lanka. More…