Korean firms set to invest B7bn locally


Five South Korean companies are keen to embark on new investment projects in Thailand, ranging from an electric vehicle (EV) business to the construction of a new industrial estate, says the Industrial Estate Authority of Thailand (IEAT).

The prospective investors are expected to allocate around 7 billion baht for the projects, said Veeris Ammarapala, governor of the IEAT, after talks with executives during a recent roadshow in South Korea.

“Four of the companies are interested in EVs, electronic parts for cars, or medical equipment,” he said.

The value of these projects is estimated at 2 billion baht.

Another company wants to form a joint venture with the IEAT to build a new industrial estate, which would require 5 billion baht to develop.

During the roadshow, held between May 15-18, Thai authorities from the IEAT and the Board of Investment (BoI) met executives from 40 companies to encourage them to invest in Thailand.

Source: Bangkok Post


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