Bilateral trade between Malaysia and South Korea has reached RM100.6 billion, with the electrical and electronics sector playing a key role. Ediya Coffee, a leading South Korean coffee chain, plans to expand its presence in Malaysia with 300 stores within three to five years.
Minister of Investment , Trade and Industry, Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz said that bilateral trade between Malaysia and South Korea until November has hit RM100.6 billion, mainly in the electrical and electronics (E&E) sector. He said there are 400 registered South Korea n companies that are currently investing in Malaysia, with Korean companies having employed more than 50,000 Malaysians in the country from 1980 until September this year.
Tengku Zafrul said this in his speech during the opening ceremony of Ediya Coffee's first store in Malaysia at the Elmina Lakeside Mall. Commenting on the Korean-brand coffee outlet, Tengku Zafrul said Ediya Coffee plans to open 300 stores in Malaysia within three to five years. 'But I think what is important are the opportunities that it creates. We have talked about job opportunities, upskilling opportunities for the young and strengthening the franchise industry in Malaysia,' he added. Meanwhile, Ediya Coffee Services Sdn Bhd chief executive officer Mohd Hafiz Ab Rahim said the company plans to open 50 branches throughout Malaysia next year. Ediya Coffee is a leading coffee chain in South Korea that was founded in 2001 and currently has more than 4,000 branches in South Korea
MALAYSIA SOUTH KOREA TRADE EDIYACOFFEE INVESTMENT
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Malaysia-South Korea Trade Hits RM100.6 Billion, Ediya Coffee to Open 300 Stores in MalaysiaBilateral trade between Malaysia and South Korea has exceeded RM100.6 billion until November, driven primarily by the electrical and electronics sector. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted this achievement during the opening of Ediya Coffee's first store in Malaysia. The minister emphasized the significant presence of South Korean companies in Malaysia, with 400 registered businesses employing over 50,000 Malaysians since 1980. Ediya Coffee, a leading South Korean coffee chain, plans to expand rapidly in Malaysia, aiming to open 300 stores within three to five years, creating job opportunities and supporting the franchise industry.
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