“This cooperation began with past joint operations. Incheon and Cambodia have worked closely in cracking down on online scam organizations operating around Phnom Penh and Sihanoukville. The areas have been identified as bases for international criminal organizations, and the two sides reportedly achieved results in tracking and arresting the groups through sharing investigative information and coordinated responses. The working-level trust formed in this process became the catalyst for subsequent economic cooperation, according to the Incheon Chamber of Commerce.”
“The foundation for economic cooperation between the two countries is already substantial. Korea’s cumulative direct investment in Cambodia has surpassed 5.1 billion dollars (about 7.7862 trillion won), with 996 corporations established locally. Annual trade volume also surpassed 1.05 billion dollars (about 1.603 trillion won), reaching a record high. Banks such as KB Kookmin, Woori, and Shinhan, along with major companies including Hyundai Motor, KG Mobility, Booyoung, and Aju Industrial, have also entered the local market.”
“Above all, what Incheon companies are paying attention to is Cambodia’s growth potential. Stable growth of more than 4 percent is expected, with the Asian Development Bank (ADB) forecasting Cambodia’s growth rate this year at 4.5 percent, the International Monetary Fund (IMF) at 4.0 percent, and the World Bank at 4.3 percent…”
“The investment environment is also favorable. Foreign investors can hold 100 percent sole equity, and the use of the dollar lowers currency risk…”
https://en.sedaily.com/society/2026/06/14/incheon-and-cambodia-shift-from-crime-cooperation-to