High-Impact Korean, Japanese companies keen to invest in Malaysia

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KUALA LUMPUR, Sept 26 Several high-impact South Korean and Japanese companies have indicated strong interests to expand and explore investment opportunities here ahead of Malaysian trade and investment missions to both countries next week.

The interests are centred on chemical, electrical and electronics, automotive, medical devices and renewable energy industries, Malaysia Investment Development Authority (Mida) Chief Executive Officer Datuk Azman Mahmud said.

Expressing his confidence that the trade missions would produce one of the biggest outcomes this year, he said the companies were considering business expansion, new investments and regional operation.

Mida aims to attract more cutting-edge green technology, biotech, advanced electronics, and hi-tech companies from both countries, he told a media briefing here today.

The five-day trade mission will be led by International Trade and Industry? Minister Datuk Seri Mustapa Mohamed.

Besides Azman, Matrade Chief Executive Officer Datuk Dr. Wong Lai Sum, and senior executives from state and regional economic corridors and Malaysian companies will also be joining the 47-strong delegation.

Three seminars on business opportunities in Malaysia and individual business meetings will also be held in Seoul, Tokyo and Osaka during the visit.

Mustapa will also have separate meetings with Korean and Japanese leaders and head of agencies.

Japan’s investment in Malaysia from 2009 to May 2014 totalled RM36.4 billion with 41,460 jobs created while that of South Korea amounted to RM13 billion with 9,276 jobs created. (BERNAMA MCOT online news)