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Hyundai Bolsters ASEAN Presence with $479 Million Investment in Malaysia

Hyundai Bolsters ASEAN Presence with $479 Million Investment in Malaysia

SEOUL, Nov. 26 (Korea Bizwire) – In a significant push to expand its footprint in Southeast Asia, Hyundai Motor Company has announced a $479 million (approximately 673 billion won) investment in Malaysia. This strategic move aims to capitalize on the region’s burgeoning automotive market, with production beginning in mid-2024. Hyundai will collaborate with local partner Inokom [...]

S. Korea, Malaysia Discuss Arms Industry Cooperation in Kuala Lumpur

S. Korea, Malaysia Discuss Arms Industry Cooperation in Kuala Lumpur

SEOUL, May 13 (Korea Bizwire) — The chief of the state arms procurement agency has held talks with Malaysia’s defense minister on ways to expand arms industry cooperation, his office said Monday, amid Seoul’s drive to clinch more defense deals with Southeast Asian countries. Seok Jong-gun, minister of the Defense Acquisition Program Administration (DAPA), met [...]

Hanwha, Shell Gas Join S. Korea-led Carbon Capture Project in Malaysia

Hanwha, Shell Gas Join S. Korea-led Carbon Capture Project in Malaysia

SEOUL, Aug. 11 (Korea Bizwire) — More energy companies, including South Korea’s Hanwha Corp. and the Netherlands-based Shell Gas & Power Developments B.V., have joined the consortium for a major carbon capture and storage (CCS) project in Malaysia, SK Innovation Co. said Friday. The state-run Korea National Oil Corp. and Air Liquide Korea, an affiliate [...]

S. Korea’s Black Eagles Aerobatic Team to Join Air Show in Malaysia

S. Korea’s Black Eagles Aerobatic Team to Join Air Show in Malaysia

SEOUL, March 29 (Korea Bizwire) — The South Korean Air Force’s Black Eagles aerobatic team plans to participate in a biennial air show in Malaysia in May, the armed service said Wednesday. The team will join the Langkawi International Maritime and Aerospace Exhibition (LIMA) slated to take place at the Langkawi International Airport from May [...]

Hyundai Glovis Signs MOU with Malaysia’s Lion Group for Smart Logistics

Hyundai Glovis Signs MOU with Malaysia’s Lion Group for Smart Logistics

SEOUL, Nov. 16 (Korea Bizwire) — Hyundai Glovis Co. said Wednesday it has signed a preliminary deal with Malaysia’s retail-to-steel conglomerate Lion Group to partner up for smart logistics solutions in the Southeast Asian market. Under the memorandum of understanding, Hyundai Glovis’ advanced logistics management system will be introduced to Lion Group’s key business units, [...]

SK Teams Up with Malaysian Firm for Cooperation in Hydrogen, Renewables

SK Teams Up with Malaysian Firm for Cooperation in Hydrogen, Renewables

SEOUL, Sept. 5 (Korea Bizwire) — South Korean energy-to-telecom conglomerate SK Group said Monday it is partnering with a Malaysian clean energy company to explore collaboration in hydrogen, renewable energy and green mobility, as part of efforts to bolster its green energy transition. Its three affiliates — SK Materials Inc., SK Ecoplant Co. and SK [...]