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Home  >>  Daily News  >>   Thailand News  >>  Investment  >>  S Korea asks for Thai govt support to set up industrial estate

2 July 2009

S Korea asks for Thai govt support to set up industrial estate

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South Korean government has called on the Thai government to support its establishment of a South Korean Industrial Estate in Thailand, state news agency TNA quoted Thai Industry Minister Chanchai Chairungruang as saying.

The visiting minister and top officials of the Board of Investment Office (BoI) on Wednesday paid a courtesy call on South Korea’s Knowledge Economy Minister Lee-Youn Ho.

Chanchai said he and the BoI officials discussed investment cooperation between both countries with the South Korean minister.

The South Korean government seeks the Thai counterpart’s support for the establishment of a South Korean Industrial Estate in Thailand and wants it to take care of Korean investors in the country, he said.

“Simultaneously, the Thailand’s Industry Ministry wants Seoul to encourage South Korean businesspersons to invest in Thailand,” Chanchai said.

The Thai ministry has persuaded executives of Samsung, one of South Korea’s largest electrical appliance producers, he said, to invest in the production of LCD monitors in Thailand.

Chanchai said that Thailand had stepped up efforts to accelerate investment by designating 2008-2009 as the Year of Thai Investment.

As a result of that initiative, should Samsung seek to follow through on the investment opportunity, it would receive more BoI investment promotions than usual.

Thailand has potential for investment growth and Samsung can count on Thailand as the LCD production base of Asia, Chanchai said.


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