The land of heroes
Our heroes
Our land
Cambodia Kingdom

Thursday, October 22, 2009

Cambodia signs deals for loans, more during South Korean president's visit

PHNOM PENH, CAMBODIA — Cambodia and South Korea have signed several agreements during a visit by the South Korean president.

Cambodian Foreign Minister Hor Namhong says two of the most important deals signed during Thursday's visit by South Korean President Lee Myung-bak cover extradition and the framework for $200 million in development loans from Seoul to Cambodia from 2009 to 2012.

The minister says other agreements concern mineral exploitation and joint mine exploration, investment in forest plantations and climate change.

South Korea's Yonhap news agency says South Korean investment in Cambodia totaled nearly $2.5 billion last year.

No comments: