ECERDC eyes RM5bil South Korean projects


In a statement, ECERDC said the investments are expected from South Korea’s leading firms in petrochemicals, specialty chemicals and advanced materials, with the potential for new manufacturing plants being constructed in Terengganu.

KUALA LUMPUR: The East Coast Economic Region (ECER) Development Council (ECERDC) and the Terengganu state government, in collaboration with the Malaysian Investment Development Authority, aim to secure potential investments estimated at RM5bil from South Korea.

In a statement, ECERDC said the investments are expected from South Korea’s leading firms in petrochemicals, specialty chemicals and advanced materials, with the potential for new manufacturing plants being constructed in Terengganu.

South Korea is one of Malaysia’s largest trading partners, with trade between both countries totalling RM79.78bil in 2020. —Bernama

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