SEOUL: Datuk Seri Najib Tun Razak during a meeting with South Korean captains of industry urged them to increase their investments in Malaysia, saying that the Government was committed to creating a business-friendly environment.
“I give you this categorical assurance. My Government will always work with you and we will always be pro-business,” the Prime Minister said.
“You are the wealth creators, the engines of growth and I am determined to do everything within my power to help you do what you do best,” he told them yesterday during an investment seminar on business opportunities in Malaysia here.
Najib said the Government also wished to learn South Korea’s way of achieving developed nation status, which it did within 50 years compared with the 200 years many nations in the West took.
Towards this, he commended the National Chamber of Commerce and Industry of Malaysia and the Korea Chamber of Commerce and Industry for collaborating to establish the Malaysia-Korea Business Council.
This, he said, would open up yet another channel for strategic collaboration between the private sectors of both countries as the council would also be able to engage in high-level dialogues with both Govern-ments.
The Prime Minister had a busy day in Seoul, where he had a meeting of minds with local conglomerates, South Korean think-tanks such as Korea Development Institute and Korea Institute of Industrial Technology, and later attended a luncheon hosted by Korea Chamber of Commerce and Industry.
He also had a meeting with President Lee Myung-bak at the Blue House and witnessed the exchange of several memoranda of understanding between both Governments and their respective private sectors.
Najib is on a three-day official visit to the republic, his first since becoming Prime Minister two years ago.
The trip was at the invitation of Lee who visited Malaysia in December.
He is accompanied by his wife Datin Seri Rosmah Mansor and several Cabinet ministers, namely International Trade and Industry Minister Datuk Mustapa Mohamed, Foreign Minister Datuk Seri Anifah Aman, Works Minister Datuk Shaziman Abu Mansor and Science, Technology and Innovation Minister Datuk Dr Maximus Ongkili.
Najib said both countries should also do more to leverage the Asean-Korea Free Trade Agreement, which came into force early last year, under which trade is expected to surge to US$150bil (RM454bil) by 2015.
Source : The Star