Thailand to open investment promotion office in Korea

BANGKOK, June 28 (TNA) — Industry Minister Charnchai Chairungrueng leaves Tuesday for a five-day visit to persuade South Korean business interests to invest in Thailand, and to open a Board of Investment (BoI) office in Seoul, the South Korean capital.

The BoI office in Seoul will be the 11th such office set up by the government’s investment promotion agency abroad 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.

Mr. 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 Bt55 billion. 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. (TNA)