Korea Keen To Strengthen Ties With M'sia, Inks MoU With MIGHT

KUALA LUMPUR, May 8 (Bernama) -- Korean public and private organisations in science and technology industries are keen to strengthen relations with Malaysia especially in green technology, energy and transportation sectors. That was the message received by representatives of the Malaysian Industry-Government Group for High Technology (MIGHT), an agency in the Malaysian Prime Minister’s Department, and the private sector on their visit to the country last week. "There is a great deal of synergy between our two Asian countries in the fields of renewable energy, shipbuilding, aerospace and railway industries," said MIGHT President and Chief Executive Officer, Mohd Yusoff Sulaiman, in a statement on Tuesday. "Our on-going exchanges with Korean organisations such as the Korean Institute for Science and Technology Evaluation and Planning (KISTEP) and the Korean Institute for Advanced Technology (KIAT) are immensely value adding for our role in advancing high technology competency in Malaysia," he added. The week-long visit included stops in Seoul and Gyeongnam where delegates from Boustead Naval Shipyard, Sentech, Scomi and 14 others met with Hyundai-Rotem, Daewoo, Korean Aerospace Industries, S-Energy and a host of government-to-government partners. In Seoul, MIGHT signed a Memorandum of Understanding with KIAT committing both organisations to closer cooperation in collaborative research and development, human resource development and training, and continued reciprocal support of trade and investment missions. "Beyond the important sharing of insights and experiences the delegation has played an active role in promoting technology-driven business ventures between Malaysia and Korea in high technology sectors that contribute to the Economic Transformation Programme," said Mohd Yusoff. Mission objectives to support technology-driven business ventures were discussed during a business-to-business roundtable hosted by the Gyeongnam Technology Park and the provincial government. Talks focused primarily on closer industrial cooperation in aerospace, rail and maritime industries where Malaysia and Korea both have significant strengths and participation in the global market place. Sessions in Gyeongnam also included an audience with Governor Kim Du Kwan for top management of MIGHT. "MIGHT has continued to foster stronger and more participatory cooperation with Korea both through the public and private sectors. "The joint commitment of both the government and private companies makes Korea a fantastic match for our Malaysian technology companies looking to expand their footprint abroad through cooperation with global leaders," Mohd Yusoff said. -- BERNAMA