Philippines eyes boosting IT-BPM services to South Korea

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With South Korea expected to invest more in the Philippines this year following a slowdown in 2017, the country is keen on promoting more opportunities to South Korean investors. Aside from boosting exports of Philippine agricultural products, the government will also promote other non-food products and services, including language courses and IT-BPM services to South Korean investors, said Philippine Ambassador to South Korea Raul Hernandez. Korea is currently ranked as the seventh largest investor in the Philippines. Korean investment pledges, however, recorded a big drop last year according to data from two of the country’s largest investment promotion agencies. When combined, the data showed a 92.61% decline to P873.15m from P11.82bn in 2016.