Johor woos South Korean businessmen as potential investors


  • Business
  • Thursday, 10 Apr 2003

BY ZAZALI MUSA IN JOHOR BARU

THE Johor state government has identified South Korean manufactu-rers as the next potential investors after the Japanese to relocate their operations and related activities to the state. 

State Science, Technology, Indus-trial Development, Entrepreneurs and Small and Medium Industries committee chairman Salikon Sarpin said that Johor had all the necessary infrastructure to meet the needs of this group of investors. 

He said there were now 10 South Korean companies with in-vestments totalling RM31.3mil operating in Johor, making South Korea one of the top 10 investors in the state. 

“We would like to see more South Korean companies, whether small or medium-size industries (SMIs) or big corporations, coming to in-vest in Johor,” Salikon told StarBiz in Johor Baru on Wednesday. 

He said that Johor, with its 28 industrial estates, offered South Korean investors a wide choice of location for their operations, noting that the state's close proximity with Singapore was also an added advantage. 

According to Salikon, the South Korean businesses could use Johor as their regional distribution centre, international procurement offices, headquarters or research and deve-lopment centres. 

He said that a team of state officials and Johor-based SMIs would visit South Korea next month to forge better business relationship and to attract more South Korean in-vestors. 

Salikon said the South Korean Association's Singapore office chairman Kim Ki Bong was willing to assist the state government in attracting South Korean companies, especially the SMIs, to relocate their operations to Johor. 

“The state will gain a lot if South Korean companies, especially those in the high-tech manufacturing activities and heavy industries, were to transfer part or their entire operations here,” he said. 

He said that the Johor state government would encourage the SMIs in both countries to form joint-ventures for a win-win situation. 

According to Salikon, the South Korean investors would benefit from the transfer of their operations as Malaysia still offered competitive cost, skilled workforce and a conducive environment to foreign companies.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

China banking regulator says property market is biggest 'grey rhino'
PBOC says China must prevent fiscal deficit monetisation
LBS Group reports stronger sequential performance in 3Q
Ringgit ends easier against US dollar at 4.0730
Super normal profit for Comfort Gloves as 3Q earnings surge over 1,000%
Eversendai posts 3Q net loss of RM35.8m
Mah Sing Group on track to achieve RM1.1b target
Trump to add China's SMIC and CNOOC to defence blacklist
KLCI slumps over 40 points in regional sell-off
Hong Kong stocks drop, but post best month in nearly 2 years

Stories You'll Enjoy