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Thailand has urged Korean businessmen to ramp up their investment in the country's Eastern Economic Corridor (EEC) and its smart city initiative.

Mr. Narit Therdsteerasukdi, Deputy Secretary General of the Thailand Board of Investment (BOI), together with Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, and a team from the Creative Economy Agency, visited Studio Park in Samut Prakan, on 2 September 2022, where they were welcomed by Mr. Chayanont Uli, CEO. The two sides discussed the creative industries’ outlook and development of Thailand’s soft power.

Mr. Narucha Ruchuphan, Senior Executive Investment Advisor, Thailand Board of Investment (BOI), handed to Mr. Prawit Vijittanakul, Commercial Manager of BYD Auto (Thailand) Co., Ltd., as the company’s representative, the Investment Promotion Certificate for BYD’s 17.9 billion baht (ca. US$490 million) investment in a ‘new energy’ passenger vehicle plant in Rayong province, on 8 September 2022. The investment by the fully-owned unit of China’s BYD was approved by the BOI board in August under the incentive package to promote the manufacturing of electric vehicles (EV) and make Thailan...

Startups associated with the bio, circular and green (BCG) economy model are the next wave of growth but they need the right incentives to make them thrive amid the economic challenges and cautious investment, say industry experts.