Loading Property Genie

Major Investment Transforms Forest City into Malaysia's First Korean Cultural Town

NEWS

Written by Fazrina Fezili

Johor Bahru – Forest City, a visionary urban project known for its green and sustainable living spaces, is set to undergo a major transformation. GG56 Korea Ltd, a prominent Korean investment firm, has announced an investment of US$1 billion (approximately RM4.37 billion) to develop Malaysia's first-ever Korean Culture (K-Culture) Town within Forest City. This ambitious project aims to establish Forest City as a global destination for culture, innovation, and sustainable living.

The investment marks a significant milestone in the ongoing development of Forest City, which has already been recognized for its modern integration of residential, commercial, and industrial spaces. The K-Culture Town will further enhance the city's reputation by adding a vibrant cultural dimension that celebrates Korean culture and its global influence.

The K-Culture Town will be a comprehensive development featuring K-content production studios, an international cultural district, and world-class residential areas. This initiative is expected to attract both local and international interest, positioning Forest City as a key cultural hub in Southeast Asia. The development will cater to the growing global demand for Korean culture, which includes K-pop, K-dramas, and Korean cuisine.

korea culture hub forest city

The memorandum of agreement (MoA) for this project was signed by CGPV executive director Othman Yusof and GG56 Korea CEO and co-founder Kim Young Kun. The agreement not only represents a formal partnership but also symbolizes a shared vision between the two companies to create a city that embodies innovation, culture, and sustainability.

Othman Yusof expressed his excitement about the collaboration, stating,

"This MoA is not just a formal agreement; it reflects our shared vision for Forest City. We are thrilled to collaborate with GG56 Korea to bring these transformative projects to life. Together, we will build a city that stands as a testament to innovation, culture, and sustainable development."

Kim Young Kun echoed this sentiment, highlighting the unique opportunity to create something extraordinary in Forest City.

"Through our collaboration with CGPV, we aim to contribute to the city’s growth and establish it as a leading global destination," he said.

Forest City has long been envisioned as a smart, green, and sustainable urban environment. The addition of the K-Culture Town aligns perfectly with this vision, integrating cultural and technological advancements into the city's fabric. The development is expected to attract a diverse community of residents, businesses, and tourists, further solidifying Forest City's status as a leading example of modern urban planning.

GG56 Korea, known for its high-impact projects in healthcare, entertainment, technology, and real estate, sees this investment as a strategic move to enhance its global portfolio while contributing to Malaysia's cultural landscape. The company's focus on sustainable development and innovation aligns well with Forest City's goals, making this partnership a perfect fit.

As the project progresses, all eyes will be on Forest City as it evolves into a vibrant cultural hub that bridges the gap between tradition and modernity. The K-Culture Town is poised to become a must-visit destination, not just for fans of Korean culture but for anyone interested in experiencing a dynamic and forward-thinking urban environment.

 Find Your New Home in Forest City Apartments

Relevant Article:

 

Share :

.

Related Article

Thinking about your mortgage?

Use our loan calculator

See what you can afford

Article Highlights

korea culture hub forest city

Forest City Malaysia

.

Latest Guides

Properties You May Like

Malaysia’s fastest growing and expanding property portal for users and real estate agents alike. With PropertyGenie, discovering your ideal property - be it for buying, renting or investing in residential or commercial spaces across Malaysia.

Malaysia’s fastest growing and expanding property portal for users and real estate agents alike. With PropertyGenie, discovering your ideal property - be it for buying, renting or investing in residential or commercial spaces across Malaysia.

+603 5622 0022

Whether it's property for sale or houses for rent, explore an extensive selection of listings with detailed, interactive maps and high-quality images at Property Genie. From residential homes to commercial spaces, our platform is tailored to meet your needs!

Owning your next property is a significant milestone, and we're committed to providing you with all the necessary tools and insights. Browse through our comprehensive agent directory to connect with a property agent in Malaysia, and our developer directory will also provide an in-depth look at Malaysia's leading property developers - giving you a clearer understanding of the market landscape.

We offer a diverse range of real estate opportunities, from residential to commercial in our list of projects. Added on with our insider guides, we’re here to further guide you in your property journey and to deliver expert advice, market trends, and property insights. Start your property search with Property Genie today!

Top Searched Property For Sale

Properties For Sale in Kuala Lumpur

Properties For Sale in Petaling Jaya

Properties For Sale in Johor Bahru

Properties For Sale in Seremban

View More

Top Searched Property For Rent

Properties For Rent in Kuala Lumpur

Properties For Rent in Petaling Jaya

Properties For Rent in Johor Bahru

Properties For Rent in Seremban

View More