Riot (centre) with the group of South Korean investors.

KUCHING: Despite the economic hiccup as of late, Sarawak continues to be the preferred destination for foreign investors.

Prime Minister’s Special Envoy to East Asia, Datuk Seri Richard Riot Jaem said a group of South Korean investors was keen on setting up factories here.

“Our meeting touched on their suggestion on increasing South Korean investment in Malaysia. Indeed, there have been many giant companies already investing and setting up factories in Malaysia.

“These include Samsung, Hyundai Daelim, Titan and others,” he said in a Facebook post on Thursday (Sept 24). Earlier, he welcomed the group at his office in Putrajaya.

Riot said among the four proposals outlined by the group, two would be implemented in Sarawak.

“Among the proposals were to set up an aluminium pellet production plant, nitrile rubber glove production plant, ammonia processing plant and medical and testing kit production plant.”

The Serian MP said he suggested the investors set up a top-class private hospital complex.

“I told them to consider investing or bringing in investors to set up a private hospital in Sarawak just like the St Vincent’s Hospital in Suwon, South Korea.”

Also present at the meeting was South Korean government agency Korea SMEs and Startups Agency director Chon Yong Ho.