• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Improving economic ties with the Philippines – South Korea

Improving economic ties with the Philippines – South Korea

South Korea plans to ramp up their investments in the Philippines this 2018. Projects are planned in support of the government’s huge infrastructure program.

Furthermore, South Korea is aiming to boost trade between the two countries.

According to South Korea’s Ambassador to the Philippines Han Dong-Man “President Duterte asked me to invite more Korean companies to invest here. I promised the President that during my term, I will try to do my best to bring more Korean tourists of up to two million (annually) and bring more Korean companies to invest in the Philippines.”

Koreans are among the top visitors to the Philippines last year. However, investment pledges from the country dropped last year.

“The Philippines is a very promising market, an emerging market. Given the potential of Philippine infrastructure, I am very confident Korean companies will come here to invest in many infrastructure projects,” Ambassador Han said.

12 Korean companies in different fields gathered in the Philippines yesterday for the Philippine-Korea investment forum on infrastructure and energy. According to ASEAN-Korea centre secretary general Kim Young Sun, Korean companies are interested and eager to find business opportunities in the Philippines.

Aside from boosting investment, Han would also try to increase the bilateral trade between the two countries during his term. Also, this is supported by the Philippine Ambassador to South Korea Raul Hernandez and according to him, Korea is already the 7th largest investor in the country.

Moreover, Emmanuel Ang, commercial counselor of the Philippines to Korea said that. “In general, the attitude of Korean companies in investing in the Philippines is very upbeat. Above all the noise, they see the market in the Philippines and the economic growth.”

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image