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Cambodia, Korean Firm Sign MoU on Donation of 1,000 Buses

Booyoung Khmer II Co., Ltd., a subsidiary of Booyoung Group of the Republic of Korea, has donated 1,000 new buses to the Royal Government of Cambodia.A Memorandum of Understanding on the bus donation was signed here on June 29 between H.E. Dr. Aun Porn…

Booyoung Khmer II Co., Ltd., a subsidiary of Booyoung Group of the Republic of Korea, has donated 1,000 new buses to the Royal Government of Cambodia.

A Memorandum of Understanding on the bus donation was signed here on June 29 between H.E. Dr. Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance who represented the Royal Government and Mr. Lee Joonn Keun, Chairman of the Board of Directors of Booyoung Khmer II Co., Ltd.

According to an announcement of the Ministry of Economy and Finance, the buses will be delivered to Cambodia in three phases: 400 buses in 2023, 300 in 2024, and 300 in 2025.

The buses will be distributed to all municipal and provincial administrations to serve their public transport mechanism in order to help ease the local people’s travel, the source added.

BOOYOUNG KHMER II Co., Ltd. has been investing in various sectors since 2007, including real estate, condominiums, hotels, golf courses, telecommunications services, schools, universities, banking and so on. The company has also supported the construction of 300 school buildings, donated 200 buses to the Phnom Penh capital administration, and participated in humanitarian activities through the Cambodian Red Cross and Samdech Techo Volunteer Doctors Association.

Source: Agence Kampuchea Presse (AKP)