$1.5B in Korean investments seen
The Department of Trade and Industry has secured $1.5 billion worth of investment pledges from proposed collaborative projects from Korean firms following a successful mission last month.
Trade Secretary Gregory L. Domingo and Trade Undersecretary Ponciano Manalo Jr. conducted an investment mission from April 23 to 26 in Seoul, Korea, where they met with top representatives of Korean companies engaged in the financial, electronics, engineering, construction, business process outsourcing (BPO), power and food manufacturing sectors.
These companies included Shinhan Financial Group, Woori Bank, Korea Exchange Bank, STS Semiconductor Co. Ltd., SK Engineering and Construction, Samsung SDS, Daelim Industrial Co., Daesang Corp. and Korea Electric Power Corp. (Kepco).
According to Manalo, they held an investment seminar with more than 100 attendees who showed a huge interest in investing in the Philippines.
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94