KUALA LUMPUR (Bernama) — A South Korean delegation representing 20 small and medium enterprises (SMEs) with a minimum potential investment value of US$50 million, are very keen to make Malaysia the choice location for the new wave of Korean investments.
Seven of the companies are new while the rest are existing investors seeking opportunities to expand and diversify their existing operations, mainly in the manufacturing sector.
Song Sung Ho, Vice President of South Korea’s Small & Medium Business Corporation (SBC) on May 15, 2012 said they had expressed keen interest to relocate their businesses from not only Korea but also from other countries in the region to Malaysia to support the big companies such as Samsung and Hyundai.
“Besides that, the potential Korean investors are interested to develop industrial and logistics hubs in Malaysia for exporting overseas,” he said after a seminar on “Business Opportunities in Malaysia” jointly hosted by the SBC and the Malaysian Investment Development Authority (MIDA) here Tuesday.
He said although China and Vietnam would have been the most preferred markets, their focus for a highly sought-after investment destination had shifted to Malaysia due to its political stability and security, resilient economy, population mix and modern and friendly investment environment.