Hun Sen Applauds Korean Investment
By Mean Veasna, VOA Khmer
Original report from Phnom Penh
06 May 2008
More than a decade of strong ties between Cambodia and South Korean
have meant a boon to economic development, Prime Minister Hun Sen said
Tuesday.
=93Now, after 11 years, diplomatic relations with the Republic of Korea
are remarkably developed,=94 he said, speaking at the inauguration of a
construction project on National Road 3, which is being financed
through a Korean grant.
South Korea is at the forefront of at least eight sectors, he said,
including investment and tourism. He also pointed to the construction
of Gold Tower 42, a proposed skyscraper scheduled to be constructed in
Phnom Penh by 2011, as a sign of strong investment.
=93Soon, construction of a building of 42 floors will be invested by the
Koreans, and there will be another 55 floors,=94 he said.
South Korea has invested in building construction, information
technology, aviation, tourism and textile. Investment worth $152
billion came for the country in 2007, according to the Council for the
Development of Cambodia.
But opposition officials cautioned against measuring Cambodia=92s worth
only in investment.
Mu Sochua, deputy secretary of the Sam Rainsy Party, said that not
even Korean investment had brought much to the nation=92s poor.
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