A high powered trade mission from Malaysia flew into Seoul on Oct.18 to hold a seminar on "business opporunties in Malaysia at Hotel Lotte in downtown Seoul.
Joining the mission from include Minister of Internationall Trade and Industry of Malaysia Datuk Darell Leiking, Dato' Azman Mahmud, CEO MIDA, Ir.Dr. Mohd Shahreen Madros, CEO MATRADE.
Dr. Doowon Lee, Professor, School of Economic and Vice President of International Affairs Yonsei University chaired the seminar attended by more than 400 plus participantants from Korean business community and news media representatives.
Among other Korean participants at the seminar were Mr.Inseon Lee, commissioner of Daegu-Gyeongbuk Free Economic Zone Authority(DGFEZ), Mr.Harry Kim, deputy commissioner of DGFEZ and Ms Eunyoung Kim, assistant manager,Global Cooperation Dept of Small &
Medium Business Corporation(SBC).
Minister Datuk Darel Leiking made opening remarks and updated news about bilateral economic ties between Korea and Malaysia as well as new business opportunities in Malaysia for Korean investors.
During the question and answer session, Korean participants raised many questions on the latest market development in Malaysia.
Touching on top 10 small business investment opportunities in Malaysia for 2018,Malaysian delegates mentioned about halal food,tourism and internet in particular.
Sitting next to a knowledge driven economy to its south in Singapore, and with a large consumer marker in nearby Indonesia, Malaysia is in a unique position in South East Asia for would-be Korean investors to start a business in Malaysia.
Because Malaysia is a business hub, many people travel in and out of the country for business purposes. This amounts to huge opportunities for travel agencies and businesses that cater to travelers directly or indirectly. So, if you are looking to start a business in Malaysia, one smart option is to start a travel agency. It requires low capital, it’s easy to start, and the returns are huge.
Malaysia plays host to several thousands of visitors every year. This leaves lot of profit to be made by investors in the country’s tourism sector. If you have a big budget, you can build a hotel or resort in Malaysia that caters to tourists that visit the country on vacation. Small businesses can also tap from the sector by offering products and services that cater to tourists as well. So, whether your budget is big or small, you can always make money from Malaysia’s tourism sector.
Malaysians, like every other people, love fashion. They show great concern for what they wear and what they look like. Though there are many fashion outlets spread all over the country, there is enough room for new investors to make money. If you’d like to start a fashion business in Malaysia, keep in mind that local fashion sells best. So, you will need to learn about this if you are not a native of Malaysia.
Fast foods and snacks really sell in Malaysia. So, there are huge opportunities for businesses that pack age and sell fast foods and snacks like ice-cream and yoghurt. Starting a food business is very easy and requires little capital. So, you will quickly make money from this business — and it doesn’t matter if you are a native of Malaysia or not.
As to internet business, they noted that more Malaysians are becoming aware of the huge opportunities available in online business.
At present, most college students and graduates are making lots of money from various online
businesses such as website design, freelance writing, affiliate marketing, professional blogging,
information marketing, and so on. With a solid knowledge of how things work, you too can make lots of profit off the internet while working from the comfort of your home.
With many new small businesses emerging with each passing day,business professionals have a steadily growing market to cater to.
Individual business meetings(IBM) continued through late in the afternoon followed by the seminar