Cambodia–South Korea relations explained

Cambodia–South Korea relations are foreign relations between Cambodia and South Korea. South Korea has an embassy in Phnom Penh and Cambodia has an embassy in Seoul.

Free trade agreements

See also: South Korea free trade agreements. The two countries agreed to hold a joint FTA committee in the first half of 2024.

Cooperation

South Korea has played an important role in promoting Cambodia's socioeconomic development, especially in helping the country develop major industries such as infrastructure, agriculture, healthcare, and education.[1]

In Phnom Penh in March 2024, South Korea's Ministry of Trade, Industry and Energy and Cambodia's Ministry of Commerce discussed ways to strengthen bilateral cooperation in areas such as trade, infrastructure and carbon neutrality.[2]

In Cambodia's clothing and textiles sector, South Korean companies are investing heavily to build factories and create jobs for locals.

Summits

South Korean President Yoon Suk Yeol and Cambodian Prime Minister Hun Manet agreed at bilateral talks to further increase bilateral trade, which hit a record $1.05 billion in 2022.[3]

See also

Notes and References

  1. News: November 3, 2023 . The shared future between Cambodia and South Korea beyond 2023 .
  2. News: March 27, 2024 . S. Korea, Cambodia discuss cooperation in trade, infrastructure, carbon neutrality . Yonhap News.
  3. News: September 7, 2023 . (LEAD) Yoon meets with leaders of Cambodia, Laos, Philippines, Singapore . Yonhap News.