GG56 Korea to invest US$1bil in Forest City to develop Malaysia’s first K-culture town

ISKANDAR PUTERI: Korean investment firm GG56 Korea Ltd will invest US$1bil in Forest City to develop Malaysia’s first Korean Culture Town.

This is following the signing of a memorandum of agreement (MoA) with Forest City’s master developer Country Garden Pacificview Sdn Bhd (CGPV) to develop the project, which will include K-Content Production Studios, an international Cultural District and a world-class residential development.