KUALA LUMPUR, Oct 9 (Bernama) -- Bilateral trade between Malaysia and South Korea is expected to exceed US$40 billion this year, with the two countries poised to deepen economic ties following the conclusion of negotiations on their Free Trade Agreement (FTA).
World : South Korea-Malaysia Trade Set To Exceed US$40 Bln In 2026
South Korea, ambassador, Yeo Seung-bae, Malaysia,
Key points
- Outgoing South Korean Ambassador to Malaysia Yeo Seung-bae said South Korea had risen from Malaysia’s ninth-largest to seventh-largest trading partner, with bilateral trade growing from around US$20 billion to nearly US$30 billion in just five years.
- Yeo underscored that the growth reflected the broader momentum in the Korea-Malaysia Strategic Partnership, particularly in economic and security cooperation.
- Yeo said the first two South Korean FA-50 fighter jets were expected to arrive in Malaysia this month, with all 18 aircraft scheduled for delivery to Kuantan Air Base by 2028.
Sentences selected automatically from the original article by Bernama.
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