Bangkok: The Prime Minister of Thailand, Mr. Anutin Charnvirakul, recently hosted a delegation of South Korean investors and business leaders, marking a new chapter in economic collaboration between the two nations. The meeting, held at the Bhakdi Bodin Building, aimed to boost trade and investment in key industries, enhance technological exchange, and improve labor skills in Thailand.
According to Thai News Agency, the South Korean delegation included high-profile representatives such as Mr. Lee Hack-Young, Vice Speaker of the National Assembly of the Republic of Korea, along with executives from major South Korean companies like Daewoo E and C, POSCO, SK Innovation, and LG Electronics, among others. The visit was part of a program facilitated by the Royal Thai Embassy to attract South Korean business investment in Thailand.
During the discussions, the Prime Minister expressed gratitude to the South Korean investors and highlighted the potential for expanding cooperation, especially in sectors where South Korea has expertise, such as smart electronics, clean energy, and digital technology. He underscored Thailand’s strategic advantages, including its modern infrastructure and competitive global standing, as key factors that make the country an attractive investment destination.
A significant highlight of the meeting was the interest shown by both nations in establishing South Korea’s first industrial estate in Thailand, located in the Eastern Economic Corridor (EEC). Plans are underway to expedite a Memorandum of Understanding to formalize this venture, further solidifying the economic partnership.
The Vice-President of the South Korean National Assembly acknowledged the longstanding friendship between the two countries and emphasized the importance of bilateral cooperation in emerging industries. He also highlighted South Korea’s commitment to supporting Thai workers and easing work visa requirements to enhance workforce mobility.
Industry representatives from South Korea expressed their optimism about the partnership, citing potential collaborations in smart city development, infrastructure, and digital technology. The discussions also addressed improving import procedures and tax regulations to facilitate increased trade.
The Prime Minister assured the delegation of Thailand’s readiness to support South Korean investments, emphasizing the importance of technology transfer and modernizing Thai industries. He extended an invitation to invest in sectors like food processing and healthcare, areas where Thailand shows substantial potential.
In closing, the Prime Minister thanked the South Korean National Assembly and the Royal Thai Embassy for organizing the visit, reaffirming Thailand’s commitment to fostering an environment conducive to mutually beneficial investments and technological exchanges.