SEOUL: Many South Korean investors have expressed their interest in expanding their business to the Land of the Hornbills.
Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan said among the factors that attracted the investors were the competitive electricity tariff, logistic facilities and flexibility offered by the Sarawak government.
“The Sarawak delegation’s visit to South Korea has allowed the state to negotiate with potential investors from Korea,” he said before returning to Malaysia recently.
During the meeting, a letter approving the setting up of Dongjin Semichem Co Ltd’s factory at Samalaju Industrial Park by 2021 was also handed over to the South Koreans.
Awang Tengah, who is also the Minister of Industrial and Entrepreneur Development and Second Minister of Urban Development and Natural Resources, visited Dongjin Semichem’s foaming agent processing plant as well.
The South Korean company holds 30 per cent of the world’s market share in foaming agents that are used in everyday products such as shoes, bags, furniture and automotive parts.
“We have invited some companies that we met to visit Sarawak and to see what the state has to offer for them.
“The visit also witnessed the exchange of contracts between Sarawak Petchem Sdn Bhd and Samsung Engineering Co Ltd to develop a RM5.7 billion methanol processing plant at Tanjung Kidurong, Bintulu,” he said.
In addition, the state delegation also took part in the Republic of Korea-Sarawak Business Dialogue 2019 on April 2. Present were several Korean businessmen.
The dialogue was also attended by the Chief Minister Datuk Patinggi Abang Johari Tun Openg.
