KUALA LUMPUR: South Korean-based SK Group has signed a memorandum of understanding with Malaysia to invest in the latter to create blue ocean business opportunities in key sectors. Pic by NSTP/MOHAMAD SHAHRIL BADRI SAALI"Malaysia will be at the centre of SK Group's business expansion ambitions in these regions, which is a sign of great confidence they have in our country." The group will also strive to develop highly skilled Malaysian talents by training and grooming future Malaysian business leaders," he said at the signing ceremony here today. SK Group chairman Chey Tae-won said it has bigger aspirations for Malaysia, which will see its investments into the country, in the years ahead, potentially exceeding US$17 billion, already invested in China. The second MoU signed between Malaysian government-owned Cyberview Sdn Bhd and SK Group concerns the development of Blue Ocean Smart Cities in Malaysia, starting with Cyberjaya.

Source: New Strait Times February 23, 2018 03:45 UTC