Forest City to feature world-class K-Culture district

Korean investment firm GG56 Korea Ltd has announced a substantial investment of US$1 billion (RM4.37 billion) to establish Malaysia’s first Korean Culture (K-Culture) Town in Forest City, Johor Bahru. This landmark initiative was unveiled by Country Garden Pacificview Sdn Bhd (CGPV), the master developer of Forest City, following the signing of a memorandum of agreement (MoA) between the two companies.

The K-Culture Town is set to be a multifaceted development that includes K-content production studios, an international cultural district, and a world-class residential area, positioning Forest City as a global hub for Korean culture and innovation.

A landmark project in Forest City

The K-Culture Town project in Forest City marks a significant milestone in Malaysia’s urban development landscape. The project will feature state-of-the-art facilities for the production of Korean content, along with a dedicated international cultural district that will serve as a vibrant center for cultural exchange and innovation. Additionally, the project will include a world-class residential area, designed to offer a unique living experience infused with Korean cultural elements.

Othman Yusof, Executive Director of CGPV, emphasized the significance of this collaboration, stating that the MoA represents a shared vision for the future of Forest City. “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,” he said.

GG56 Korea’s strategic vision

GG56 Korea Ltd, a prominent investment firm with a diversified portfolio across sectors such as healthcare, entertainment, technology, and real estate, views this partnership as an opportunity to create a unique cultural and economic hub in Malaysia.

Kim Young Kun, CEO and co-founder of GG56 Korea, expressed his enthusiasm for the project, highlighting its potential to elevate Forest City. “Through our collaboration with CGPV, we aim to contribute to the city’s growth and establish it as a leading global destination,” Kim stated.

The firm’s investment is part of its broader strategy to expand the influence of Korean culture beyond its national borders, creating new opportunities for cultural and economic exchange.

A visionary urban development

Located in Johor Bahru, Forest City is an ambitious urban development designed to be a smart, green, and sustainable city. The city seamlessly integrates residential, commercial, and industrial spaces, supported by cutting-edge technology and infrastructure.

With the addition of the K-Culture Town, Forest City is poised to further enhance its appeal as an international destination for culture, business, and lifestyle. The partnership between GG56 Korea and CGPV is not only a significant step forward in the development of Forest City but also a testament to Malaysia’s growing appeal as a hub for global investment and cultural exchange.