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29 June 2009

Thai agency in Seoul to draw Korean investors

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Thai Industry Minister Charnchai Chairungrueng leaves Tuesday on a five-day mission Tuesday to South Korea to set up a Board of Investment (BoI) office in Seoul, the South Korean capital to persuade South Korean investors to Thailand, state news agency TNA reported

The BoI office in Seoul will be the 11th such agency set up by the government’s investment promotion body and is aimed to facilitate its conducting campaigns to attract South Korean investors to invest in Thailand and provide vital information to potential investors.

A seminar entitled ‘Thailand Means Business’ will also be held during the visit, with representatives of the Ministry of Industry and the BoI scheduled to confer with South Korean investment agencies and leading corporations in electronics and motor vehicle parts.

Charnchai said Thailand and South Korea have had long, warm trade and investment relations. Beginning in 1970, joint investment by the two countries total 366 projects with total investment of about 55 billion baht ($1=35 baht). Most investments are in electronics and electrical appliances.

BoI Secretary-General Atchaka Brimble said the new office in Seoul would help increase South Korean investment in Thailand, particularly in electronics, electrical appliances, vehicles and information technology.



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