Malaysia positions itself as Korea's long-term tech partner
Malaysia is seeking to elevate its economic partnership with Korea beyond traditional manufacturing and trade by positioning itself as a long-term strategic partner in high-value industries, ranging from semiconductors and artificial intelligence (AI) to electric vehicles, renewable energy and the fast-growing global halal economy. In an interview with The Korea Times, Malaysian Investment…
Malaysia is positioning itself as a long-term strategic partner for Korea in high-value industries such as semiconductors, artificial intelligence, electric vehicles, renewable energy, and the expanding global halal economy. This shift in Malaysia's economic relationship with Korea is evident in recent statements from the Malaysian Investment Development Authority (MIDA) Director Redzuan Abd Rahman and the Malaysia External Trade Development Corporation (MATRADE) Trade Commissioner Mohamad Termizi HJ Piee, as reported by The Korea Times.
Redzuan emphasized that the Malaysian-Korean economic relationship has transitioned into a new phase, highlighting the increasing prospects for Korean businesses to utilize Malaysia as both an investment destination and a gateway to the broader ASEAN market. He stated, "Malaysia and Korea have built a strong and enduring economic partnership over the past several decades, and we believe the greatest opportunities lie in deepening collaboration in industries that are shaping the future of our economies."
According to MIDA, Korean companies have already invested a total of $11.7 billion in Malaysia.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Malaysia positions itself as Korea's long-term tech partner koreatimes.co.kr
