Latest news with #MalaysiaSouthKorea
Malay Mail
24-06-2025
- Business
- Malay Mail
Anwar, South Korea's President Lee agree to strengthen ties, aim for Malaysia-Korea free trade deal this year
KUALA LUMPUR, June 24 — Prime Minister Datuk Seri Anwar Ibrahim and South Korean President Lee Jae Myung have agreed to strengthen bilateral ties between Malaysia and South Korea. Anwar said the relationship between the two nations, which was elevated to a strategic partnership during his visit to Seoul in November last year, will continue to be comprehensively advanced across several areas, including peace and security, defence, economy, education and tourism, as well as regional and global cooperation. 'South Korea is Malaysia's eighth-largest trading partner, with trade exceeding US$20 billion (US$1 = RM4.29) for three consecutive years. I expressed Malaysia's commitment to concluding the Malaysia-Korea Free Trade Agreement (MKFTA) negotiations this year,' he said in a post on the X platform yesterday. Anwar, who contacted Lee this morning, also took the opportunity to congratulate him and the Democratic Party on their victory in the recent presidential election. 'I conveyed my confidence in his leadership to steer (South) Korea into this new phase,' he said. Anwar, who is also Finance Minister, said that towards the end of the conversation, he invited Lee to attend the 47th ASEAN Summit and the ASEAN–South Korea Summit in Kuala Lumpur. 'Insya-Allah, I will also be in Gyeongju (South Korea) this November for the APEC Summit, and I look forward to welcoming him to Malaysia before that,' he added. — Bernama
Free Malaysia Today
20-05-2025
- Business
- Free Malaysia Today
Malaysia-South Korea FTA talks in final phase
Investment, trade and industry minister Tengku Zafrul Aziz said the negotiations have been progressing smoothly. (Bernama pic) KUALA LUMPUR : The free trade agreement negotiations between Malaysia and South Korea have entered the last phase, to be finalised during the upcoming Asean Summit here in October. Investment, trade and industry minister Tengku Zafrul Aziz said the negotiations had been progressing smoothly. 'The South Korean team is currently in Malaysia with our negotiating team. This is the final round before we meet again in June (at the ministerial level),' he told Bernama. 'Everything is going smoothly. We are on track to finalising this agreement. It has been a long process, and South Korea needs to bring it to their national assembly,' he said. Given the current global geopolitical and geo-economic situation, Tengku Zafrul said the agreement was important as South Korea is one of Malaysia's key trading partners and investors.
