ISKANDAR PUTERI: Prominent South Korean investment company, GG56 Korea Limited, has pledged US$1 billion (RM4.37 billion) to develop several major projects in Forest City, including Malaysia's first Korean culture (K-Culture) town.

Country Garden Pacificview Sdn Bhd (CGPV) and GG56 Korea Limited signed a Memorandum of Agreement (MoA) today to formalise the collaboration, which focuses on building key projects in Forest City.