SEOUL, 26 April 2015 – In a call to Ambassador to Korea Raul S. Hernandez on 23 April 2015, the newly elected President of the Korean Chamber of Commerce Philippines (KCCP) expressed confidence in the continued perspective for economic growth in the Philippines.

Mr. Lee Ho Ik expressed the KCCP's full confidence in the growth prospects of the Philippine economy and conveyed the interest of KCCP's member companies to explore business opportunities in the Philippines, especially in the trading of agricultural goods and the development of the mining sector in the Philippines.

Ambassador Hernandez conveyed the hope that the KCCP would encourage more Korean companies to consider the Philippines as an alternative hub for their business operations.

Since its inception in February 1994, the KCCP has sought to foster closer relations between the peoples of Korea and the Philippines through the expansion of trade and commerce between both countries and the promotion of Korean investments in the Philippines.

The KCCP counts among its 300 members major Korean conglomerates such as Hanjin, Samsung, LG, Korean Exchange Bank and Korea Electric Power Corporation. These Korean companies are among the top investors in the Philippines.

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