KUALA LUMPUR – South Korea is keen to tap into Malaysia’s success in the halal industry by strengthening collaboration in the sector, especially in Malaysia’s globally recognized halal certification.
Visiting President Moon Jae-in in his speech during the Malaysia-Korea Business Forum today said that the Korean wave, known as Hallyu, has opened doors for its local businesses, and with Malaysia’s halal expertise, the two countries could forge a stronger strategic partnership.
According to Bernama, the cooperation between Malaysia and South Korea has the strategic aim of enhancing halal bilateral trade and investment exchanges, as well as market access for halal products and services.
As for collaboration in the Information Technology sector, Moon said South Korea would build a virtual reality (VR) centre at the ongoing Smart City project in Kota Kinabalu, Sabah.
The centre is expected to boost technology adaptation by both South Korea and Malaysia.
Bernama further quoted Moon as saying the strong economic relations forged between the two countries will continue to strengthen under Malaysia’s Look East Policy and South Korea’s New Southern Policy.