June 24, 2011

Korean conglomerate eyeing Cambodian investment markets


Delegation (left) met Prime Minister Hun Sen and government ministers.
Hanwha ​Group, a south Korean conglomerate specialises in 3 main sectors: manufacturing & construction, finance and services & leisure, is keen to enter Cambodia's investment markets.

During a meeting with Prime Minister Hun Sen on the afternoon of Thursday 23rd June in Phnom Penh, Hanwha Group's chairman Kim Seong Yun, told the PM that his company is interested in investing in Cambodia's natural resources, especially the planting of trees in Kratie province, the construction of Cambodia's infrastructure as well as investing in Cambodia's construction industry. Other than these fields, he said the company is interested in investing​ in solar energy and in giving insurance and credits to students to further their studies.

Hanwha Group was founded in 1952 and specialises in manufacturing & construction, finance and services and chemicals. Presently, the company has won a construction contract in Iraq worth $700 million.

The Korean conglomerate's eyeing of the Cambodian investment markets came a few days after a Malaysian conglomerate, Hong Leong Group, had shown interests in investing in Cambodia during a meeting with Prime Minister Hun Sen on Monday 20th June.


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