Malaysia targets 20% rise in trade with S. Korea in 2023
Malaysia is looking to increase its trade with South Korea by 20% this year, after bilateral trade hit US$26 billion in 2022. – The Malaysian Insight file pic, March 13, 2023.
“For the trip, we are going to bring along the investment promotion agencies, regional corridor , and also Malaysian companies where we will try and match Korean and Malaysian companies to get the best on the economy,” he told the media after the opening ceremony of the Malaysia-South Korea 40th LEP anniversary in Kuala Lumpur today.South Korea was the eighth largest trading partner for Malaysia with total trade amounting to US$26.01 billion last year, an increase of 29.7% compared with US$21.
The minister said under the LEP framework, this particular front is envisaged to further reinforce and harness the synergies of both countries in addressing emerging global issues for mutual benefit.
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