(Phnom Penh): KB PRASAC Bank Plc. and the Korean Chamber of Commerce and Industry in Cambodia (KOCHAM) signed a Memorandum of Understanding (MoU) to establish a strategic cooperation framework aimed at supporting Korean businesses, investors, and member companies operating in Cambodia.

The MoU was signed by Ry Vanna, President and Chief Executive Officer of KB PRASAC Bank, and Kim Seong-su, Chairman of KOCHAM, at KB PRASAC Bank’s Monivong Flagship Branch.

Under the MoU, the two organizations will cooperate to promote mutual business growth, strengthen corporate networking, and support KOCHAM members with banking and business-related solutions.

The cooperation includes financial services and advisory support, business networking, and events.

Through the partnership, KB PRASAC Bank will provide KOCHAM members with access to tailored banking products, financial advisory services, and digital banking solutions.

The two parties also intend to jointly organize or participate in seminars, business matching activities, and corporate social responsibility initiatives.

Ry Vanna, President and Chief Executive Officer of KB PRASAC Bank said, “We are pleased to establish this cooperation with KOCHAM, an organization that plays an important role in supporting the Korean business community in Cambodia. Through this partnership, KB PRASAC Bank aims to provide appropriate financial solutions and support to KOCHAM members while creating greater opportunities for business networking and collaboration. We look forward to working closely with KOCHAM to support the continued growth of Korean businesses in Cambodia.”

Kim Seong-su, Chairman of KOCHAM said, “This cooperation with KB PRASAC Bank provides another valuable platform to support our members and the wider Korean business community in Cambodia. Access to appropriate financial services, advisory support, and business networking opportunities can contribute to stronger business development. KOCHAM looks forward to working with KB PRASAC Bank to create practical value and opportunities for our members.”

The cooperation reflects KB PRASAC Bank and KOCHAM’s shared commitment to strengthening business connections, facilitating access to financial solutions, and supporting the financial and operational needs of Korean investors and companies in Cambodia.

Following the MoU signing ceremony, KB PRASAC Bank officially unveiled the Korea Investment Support Center at its Monivong Flagship Branch, reaffirming the Bank’s commitment to supporting Korean and Chinese-speaking businesses and investors in Cambodia.

The Center will serve as a dedicated platform providing tailored financial solutions, financial advisory services, and business support to meet the evolving needs of Korean enterprises.

Through this initiative, KB PRASAC Bank seeks to further enhance economic cooperation and foster stronger business ties between Cambodia and Korea.
=FRESH NEWS