Cambodia Approves 22 Investment Projects Worth US$444 Million in the First 15 Days of February50 pct more earthquakes hit Korean Peninsula, surrounding seas in 2023

The Council for the Development of Cambodia (CDC) has endorsed 22 investment projects worth US$444 million in the areas of industry, physical infrastructure, and agriculture and agroindustry in Phnom Penh capital city and nine provinces for the first 15 days of February. According to a news release of CDC issued today, the newly approved investment projects in Phnom Penh cover the establishment of data centres in Khan Russey Keo and Khan Daun Penh; a bag, car tyre, book cover and pad factory in Khan Kambol; and a garment, medical clothing and pet clothing factory in Khan Pursenchey. In Svay Rieng province, there will be factories of home appliances from recycled metals in Svay Chrum district, and furniture, house appliances, packaging materials, decorative light bulb, wire and cardboard boxes in Giga Resource Special Economic Zone. While cardboard box, Christmas tree and decorative light bulb factory in Kong Pisei district, and bag and accessories factory in Samrong Tong district of Kampong Speu province, there will be coconut processing, doll and pet supply factories in Prey Nup district, and sofa and furniture factory in Sihanoukville Special Economic Zone of Preah Sihanouk province. Besides, when fruit tree farm and processing factory, and pig farm and processing factory will be established in Borey O' Svay Senchey of Stung Treng province, there will be garment factories in Bati district and Samrong district of Takeo province. A garment factory project in Takhmao city of Kandal province; an iron mining project in O' Rovieng district of Preah Vihear province; a multi-purpose port and logistics centre project in Kampong Leng of Kampong Chhnang province; and a garment, glove, sock, hat and bag factory project in Jiangsu Special Economic Zone in Kampong Cham province have also been approved during the first two weeks of this month. Source: Agence Kampuchea Presse SEOUL, About 50 percent more earthquakes with a magnitude of 2 or stronger struck the Korean Peninsula and its surrounding seas last year than in previous years, a weather agency report showed Monday. The sharp increase is attributable to a series of quakes reported in the East Sea from April to October last year, as well as those in the North Korean county of Kilju, where a nuclear testing site is located, according to the Korea Meteorological Administration's annual 2023 earthquake report. The report showed that 106 earthquakes with a magnitude of 2 or higher shook the peninsula and its nearby waters in 2023 compared to the annual average of 70.8 recorded since 1999, the year the digital earthquake instrumentation system was adopted. The 2023 total also represents the fourth-highest yearly record, following the corresponding annual figures of 252 in 2016, 223 in 2017 and 115 in 2018. Last year, the number of quakes with a magnitude of 3 or stronger reached 16, also surpassing the yearly average of 10.4 . There were also 706 earthquakes weaker than a magnitude of 2, which are barely perceptible to humans, about the same as the average of 708. The strongest tremor reported last year took place in waters 52 kilometers northeast of the coastal city of Donghae on May 15, with a magnitude of 4.5. A total of 16 foreshocks and aftershocks with a magnitude 2 or stronger accompanied the strong May quake. Including microearthquakes, 63 tremors shook the area before or after the 4.5-magnitude quake. Last year, Kilju in North Korea's northeast saw 33 quakes with a magnitude of 2 or stronger. The frequent earthquakes are believed to be related to the condition of the ground, which has presumably loosened due to six nuclear tests conducted in the area. Kilju is not geographically predisposed to frequent natural quakes. Source: Yonhap News Agency