Korean Investor Plans Tax-Centered Fintech University for Cambodia

[CEOCambodiaNews]

Cambodia News (Phnom Penh): It was announced on 20 October 2022, that Booyoung Group, a large investor in Cambodia’s financial, construction and real estate sectors, is currently planning on executing another multi-billion dollar project in Cambodia.

The international company of the Republic of Korea plans to open a university focusing on tax and fintech in Cambodia. His Excellency Dr. Aun Porn Moniroth, Deputy Prime Minister and Minister of Economy and Finance, praised Booyoung for its active participation in the socio-economic development of Cambodia through its participation in the development of the financial sector, real estate, as well as many humanitarian activities in Cambodia. His Excellency highlighted the growth and importance of the digital sector as well as fintech in Cambodia and asked the company to consider the possibility of additional investment in these fields.

Dr. LEE JOONG KEUN, President of the Booyoung Group cknowledged the central role the Ministry of Economy and Finance plays especially in taxation matters between Cambodia and the Republic of Korea. The Deputy Prime Minister hopes that the company will continue to expand its investment in economic and financial development, as well as continue to provide support and other cooperation in Cambodia.

[CEOCambodiaNews]

Booyoung founder receives medal for contribution to growth in Cambodia
By Yu Ji-soo
Published : Apr 26, 2023 - 11:33

Booyoung Group Founder and Chairman Lee Joong-keun (right) poses for a photo with Cambodian Prime Minister HE after receiving the Medal of National Merit for his contributions to the country's national development in Phnom Penh on Monday. (Booyoung Group)

South Korean construction giant Booyoung Group’s Founder and Chairman Lee Joong-keun was awarded the Medal of National Merit by Cambodian Prime Minister HE on Monday.

The medal is the highest honor given by the Cambodian government and is awarded to those who have significantly contributed to national development.

As a recipient of the medal, Chairman Lee was recognized for his leadership in many social contribution projects that Booyoung Group carried out throughout Cambodia. This includes the group’s recent donation of 200 buses to the country’s capital Phnom Penh in February for the improvement of transportation conditions.

During the bus donation ceremony held on Feb. 28, Lee said, “I hope that our buses will help the citizens of Phnom Penh, especially young students, travel more safely and comfortably while using their commute time effectively.”

Among various other projects, the group has also donated 3,000 digital pianos and 40,000 electronic chalkboards to help bolster the country’s education infrastructure.

Lee was thus acknowledged for his contributions to strengthening Korea-Cambodia relations through these projects.

Currently, Booyoung is working on a retail real estate and residential community in Phnom Penh dubbed “Booyoung Town,” where housing, schools, daycare centers and more will be made available for residents.
By Yu Ji-soo
https://www.koreaherald.com/view.php?mp ... 0426000397