THE Malaysian Investment Development Authority (MIDA), Korean SMEs and Startups Agency (KOSME) and Korea Desk have chosen several of Korean and Malaysian companies to engage in business cooperation.
KOSME shortlisted 12 Korean companies from various industries seeking Malaysian counterparts for technology transfer undertakings, partnerships, joint ventures and original equipment manufacturers (OEM) producers.
Meanwhile, MIDA identified over 50 companies to participate in the matching session to acquire advanced Korean technology to improve their operational productivity and facilities, as well as potential OEM or joint-venture opportunities to expand their domestic and global clientele.
The business matching session was held during a Korea-Malaysia Technology Matching Session that was jointly created by MIDA and KOSME.
As of June 2020, a total of 387 Malaysian manufacturing projects involved Korean participation, amounting to RM26.6 bil, which were primarily concentrated in industries such as chemical and chemical products, electrical and electronics (E&E), petroleum products, basic metal products and non-metallic mineral products.
To continue the momentum of investment, the Korea Desk is mandated to provide hands-on facilitation support to Korean investors in Malaysia and promote further business partnerships between the two countries. – Dec 4, 2020
