Hong Ji-hee, vice president of the Korean-Thai Chamber of Commerce and the consultant in Thailand for the South Korean president, said yesterday that his country's direct investment here had grown significantly in the past few years thanks to closer cooperation in both the cultural and economic areas.
Korean investment in the Kingdom should double this year from last year, when it skyrocketed by 382 per cent, she said.
In the first four months of the year, the Board of Investment approved privileges for 12 companies with a combined initial capital investment worth US$99 million (Bt3 billion).
Hong said direct investment from her country had grown by at least 30 per cent annually in recent years. Many Korean firms are interested in expanding their businesses here due to closer cooperation between the two countries in many fields.
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