SEOUL: Prime Minister Datuk Seri Anwar Ibrahim met with a representative from a "chaebol", a prominent figure from South Korea's conglomerates, on Tuesday (Nov 26), in an effort to attract more foreign direct investment (FDI) into Malaysia.
From 9am (South Korea time), the Prime Minister is scheduled to hold individual meetings with major corporations, including Samsung Group, SK Nexilis, Posco Group and Lotte International.
These discussions are in line with Malaysia’s strategy to secure "high-value, high-growth" investments from South Korea.
Chaebols, which are family-owned conglomerates, traditionally have close ties with the South Korean government.
Federal support for these entities began after the Korean War as part of efforts to rebuild the nation’s economy. – Bernama
