Wednesday, May 18

Malaysia to play active role as financial mediator for Korea

Prime Minister Mohd Najib bin Tun Abdul Razak of Malaysia said his country will play an active role as financial mediator if Korea enters into investment projects at a summit with President Lee Myung-bak at Cheong Wa Dae on April 5.

In response to the remarks of Prime Minister Najib, who was paying an official visit to Korea, President Lee expressed his hope that the two countries can cooperate in the financial sector.

Prime Minister Najib said he hoped that Korean firms can participate in Malaysia’s submarine gas field development projects, which will be announced in May or June of this year.
Prime Minister Najib Razak of Malaysia and his wife with President Lee Myung-bak (second from right) and First Lady Kim Yoon-ok

President Lee mentioned a joint project between the Korea National Oil Corporation, Korea Gas Corporation and Patronas of Malaysia, which has seen successful outcomes for oil field exploration and development projects. He also said he hoped that the two countries can develop a mutually beneficial partnership through bilateral relations.

Both leaders welcomed the agreement reached by the countries' trade ministers to conduct a feasibility study on free trade. If a free trade agreement is signed, both countries will build advanced relations in not only the economic and trade sectors, but enjoy closer ties across a wide range of sectors.

Prime Minister Najib also said the Malaysian government hopes to share Korea's advanced river restoration technology.

By Yoon Sojung
Korea.net Staff Writer

Taken from : Korea.net


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