Ground Broken on New US$2.7-million S. Korea-Funded Start-Up Centre

• 3 September 2021
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Ground was broken on a new US$2.7-million South Korea-funded National Incubation Center of Cambodia (NICC) on the morning of Friday 3 September, with high hopes of training and creating more talented young generations in start-up businesses once completed.

The groundbreaking ceremony was attended by HE Hang Chuon Naron, Minister of Education, Youths, and Sports; HE Park Heung-kyoeng, Korean Ambassador to Cambodia; H.E. Rho Hyunjun, Country Director of KOICA to Cambodia; and HE Chet Chealy, Rector of the Royal University of Phnom Penh.

According to the plan, the centre will be built as a three-storey building scheduled to be completed by early 2023.

Mr Rho Hyunjun said he hoped the project will become another milestone to support the digital technology startups ecosystem and market network in Cambodia.

At the ceremony, HE Park Heung-kyeong also said Cambodia is one of Korea’s key ODA partner countries.

“Korea started with small scale of humanitarian aid for Cambodia in the early 1990s. Now our ODA partnership has expanded into 69 projects, covering such wide areas as education, industry, health, ICT, and culture,” he added.

• Projects Development