The Export-Import Bank of Korea has announced a $120 million loan agreement with Cambodia, aimed at supporting the improvement of the country's provincial road infrastructure. The signing, which took place at the South Korean presidential office, signifies a significant step in the partnership between the two nations. This funding is part of Korea's Economic Development Cooperation Fund, designed to provide financial support to developing countries, and it marks a substantial contribution to Cambodia's long-term development plan, focusing on the enhancement of regional connectivity and the economic well-being of local communities. The loan, facilitated through the Economic Development Cooperation Fund, underscores the strong ties between South Korea and Cambodia, highlighting the commitment to mutual cooperation in various sectors including economics, culture, transportation, and water resources. The project, targeting the maintenance and repair of a network of roads spanning 37 routes across six southern Cambodian provinces, is aligned with Cambodia's "Pentagonal Strategy" for sustainable socio-economic development. Additionally, the agreement is expected to not only contribute to the balanced regional growth within Cambodia but also serve as a platform for the expansion and experience-building of small- and mid-sized Korean enterprises in the international arena. A parallel agreement between Korean and Cambodian officials also includes a commitment to increase South Korea's concessional loan contribution to Cambodia through the EDCF framework, extending its period and doubling the financial support from $1.5 billion to $3 billion from 2022 to 2030.