Cambodia, Incheon Sign Deal to Revive Korean Investment Momentum

PHNOM PENH, Feb. 21, 2026 (KPT) – The Council for the Development of Cambodia (CDC) and the Incheon Chamber of Commerce and Industry (ICCI) have signed a Letter of Intent (LoI) on investment cooperation, aiming to reinvigorate South Korean investment flows into Cambodia.

The LoI was signed after a working meeting between Chea Vuthy, Secretary-General of the Cambodian Investment Board, and ICCI President Joo Bong Park on Friday in Phnom Penh.

CDC officials underscored Cambodia’s commitment to strengthening bilateral trade and investment ties by leveraging the Cambodia–Korea Free Trade Agreement (CKFTA) and the Regional Comprehensive Economic Partnership (RCEP). They noted that while Korean investment has expanded since the 1999 bilateral investment protection agreement, momentum has slowed in recent years.

The CDC described the ICCI delegation’s visit as timely, helping to showcase Cambodia’s improved investment climate and encouraging Korean investors to reassess opportunities in the Kingdom. Structural reforms, infrastructure expansion, enhanced public security, and Cambodia–Korea public-private dialogue mechanisms were highlighted as confidence-building measures.

Park praised Cambodia’s rapid economic progress and expressed confidence in its long-term growth potential. He pledged to encourage businesses from Incheon — South Korea’s second-largest city and a major industrial hub — to explore concrete opportunities in Cambodia.

He added that direct visits by Korean investors would help dispel misconceptions and provide firsthand understanding of Cambodia’s business environment. Beyond broad cooperation, Park revealed interest in establishing a toothpaste and toothbrush manufacturing facility in Cambodia, aligning with the Kingdom’s push to diversify and modernize its industrial base.