Steady flow of S. Korea FDI to M’sia

Lee: Malaysia is South Korea’s fourth largest trade partner among the 10 Asean countries.

SEOUL: South Korea’s foreign direct investment (FDI) in Malaysia’s manufacturing sector totalled US$23mil (RM95mil) as of August, as the republic acknowledges the country’s strength in the industry.

Overall, South Korea’s total FDI in Malaysia reached US$35mil (RM145mil) during that period, said Asean-Korea Centre (AKC) secretary-general Lee Hyuk.