SEOUL: South Korean companies are encouraged to explore the information and communications technology sector in Malaysia, saidDeputy Prime Minister Tan Sri Muhyiddin Yassin.
He said the companies should take advantage of Malaysia’s curent
promotion of ICT products and new technologies particularly wireless
technology.
“Another significant prospect for growth lies in renewable energy. This
is a new and emerging industry that requires modern infrastructure and
support facilities, which are available in Malaysia.
“Global manufacturers in this industry have already established
production facilities in Malaysia, and are producing components such as
solar cells.
“We would like to invite Korean companies to explore the potential in
this new area,” he told captains of industry here yesterday.
Muhyiddin said Malaysia was also giving attention to capital intensive
and value-added industries, which also provide opportunities for Korean
companies to invest.
To date, 300 South Korean companies have invested in Malaysia with cumulative investment totalling US$1.6bil (RM5.09bil).
Earlier, Muhyiddin called on South Korean Prime Minister Kim Hwang-sikin his office at the Jongrohu Government Complex here. —Bernama
Article : Do ICT business with us, Koreans told
Author : Bernama
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