Phnom Penh, March 15, 2019 –The Kingdom of Cambodia and the Republic of Korea (RoK) have reached seven cooperation deals during the state visit of South Korean President H.E. Moon Jae-in in Cambodia from Mar. 14 to 16.
Five of the documents were signed at the Peace Palace in Phnom Penh around this noon under the presidency of Cambodian Prime Minister Samdech Akka Moha Sena Padei Techo Hun Sen and visiting H.E. Moon Jae-in, after their bilateral meeting.
The signed documents include the coordination framework on soft loan of Economic Development Cooperation Fund for 2019-2023, soft loan agreement for the project of the establishment of the University of Health Sciences hospital, memorandum of understanding between the Ministry of Mines and Energy of Cambodia and the Ministry of Trade, Industry and Energy of RoK on power supply project for micro-electricity grids and battery charging station in Cambodia, memorandum of understanding on the bilateral cooperation between the Korea Trade-Investment Promotion Agency (KOTRA) and the Council for the Development of Cambodia (CDC) on Korean investment facilitation, and memorandum of understanding between the Royal Academy of Cambodia and the National Research Council for Economics, Humanities and Social Sciences of Korea.
The other two documents – soft loan agreement for rural road improvement project-phase 3, and memorandum of understanding on bilateral cooperation between KOTRA and Cambodia Constructors Association on construction material and equipment – have also been signed during the visit.
After the signing ceremony, both leaders held a joint press conference on the outcomes of their bilateral talks and attended the Cambodia-RoK Business Forum to encourage greater investment, trade and economic exchange between the two countries.