BERNAMA reported that South Korea based POSCO is keen on investing in Sarawak in view of the vast economic potential in the state.

Mr Yang Bong Ryull South Korea Ambassador to Malaysia Yang Bong Ryull, currently on a two day visit to the state said that detailed discussion on the investment is expected to be held soon.

He told reporters that “POSCO is showing big interest in Sarawak.”

Mr Yang said that apart from POSCO several Korean companies have also showed interest in enhancing their business ties with the public and private sector of Sarawak especially in the energy related and oil palm industries.

While the Korean community in Sarawak is relatively small with an estimated 300 Koreans in the state including those involved in small businesses and over 100 Korean students studying here, Yang said he believed that the potential was high for South Korea and Sarawak to look into areas that will bring mutual benefits.