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Malaysia reaps USD5.4bn from trade mission to South Korea


The Trade and Investment Mission (TIM) recently held in South Korea has resulted in potential investments worth about MYR24bn (USD5.4bn) for Malaysia. Datuk Arham Abdul Rahman, CEO of the Malaysian Investment Development Authority (MIDA), stated that this outcome of the TIM serves as proof of Malaysia's unwavering commitment to attracting top-notch investments and enhancing local businesses' participation in global supply chains. Arham expressed his gratitude for the longstanding strategic partnership between Malaysia and South Korea, established through the Look East Policy over the past four decades, which has made South Korea one of Malaysia's top 10 investors. The TIM was led by International Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, along with high-ranking officials from MITI and its agencies, as well as representatives from regional development corridors and Malaysian companies.

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