President Juhn Held Talks with Malaysian Prime Minster Alone < The Maeil Economic Daily >

Hyundai Corporation President Mark Juhn had a talk with Malaysian Prime Minister Abdullah Badawi alone.

The two magnates discussed the mutual concerns about the trade of Malaysian raw materials and electronic goods such as palm oil and mobile phones and a 5-year plan to upgrade the troubling public transportation system of Kuala Lumpur.

In this talk, which was held in the Prime Minister’s Room in the Government Building in Putrajaya, President Juhn described Hyundai’s business status and the future planning in Malaysia and required much support from the government to encourage the 5-year initiatives to improve the public transport system in the capital.

Mark Juhn said ‘We will actively push ahead with exporting the promising electronic products including semiconductor parts and mobile phones to the third nations through the global network of Hyundai Corporation and importing the main raw materials such as palm oil or bio diesel into Korea.”

In particular, “the public transportation system of Seoul that is being operated centering on bus has been welcomed successfully to the citizens in a short history.
The new system will also drastically help to solve the severe traffic problems in Kuala Lumpur,” he added.

Prime Minister Abdullah Badawi responded saying, “Malaysia has been a spearhead for the member countries of OIC, ASEAN and NAM so we can attract wide-ranging cooperation from these multinational organizations to produce good results.”

Taking this opportunity, Hyundai Corporation will be responsible for importing considerable quantity of palm oil and bio diesel that would amount to 1 million ton a year and activating the trade among the third parties including the regional member countries of multinational organization such as OIC that Malaysia occupies the leading position.