Foreign direct investment from South Korea to Thailand in 2017 stood at US$145 million.
The partnership comes on the back of Bangkok’s drive to develop Thailand’s digital economy and the Eastern Economic Corridor under the Thailand 4.0 policy.
Under the Thai government’s economic agenda, Rayong, and two other neighbouring provinces, Chonburi and Chachoengsao will form the Eastern Economic Corridor (EEC).
In 2017, the Thai government launched Digital Park Thailand which is set to become a premier destination for digital business leaders, innovators and disruptors.
The Eastern Economic Corridor is part of the two-decade national strategy being crafted by Thai Prime Minister Prayuth Chan-Ocha to bolster Southeast Asia’s second-largest economy.