Korean investors allowed to own 100% share of private companies in Cambodia

• 17 January 2023
• Local News
• 2344 Views

The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment.

PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou Myung on 14 January 2023.

PM Hun Sen added Cambodia also allowed all Korean companies to use foreign currency.

Cambodia provides more favourable conditions to South Korea after the two nations entered the Free Trade Agreement (RCEP) recently.

PM Hun Sen also urged Korean companies to invest in the processing industry and the high-tech industry in Cambodia.

• Business and Market
• Investment and Funding