EMBASSY OF THE REPUBLIC
OF THE PHILIPPINES


SEOUL REPUBLIC OF KOREA

news

PGMA pushes RP as best value for investment in the regionvagifem erfaringer vagifem 25 mg vagifem 10


President Gloria Macapagal-Arroyo today pushed the Philippines as the “Best Value for Investment in the Region” and urged Korean businessmen to invest in the country which she said has a “stable (economic) environment.”

Responding to a question posed by Hyun Jin Kim of South Korea’s Chosun Il Bo, one of three reporters who interviewed the President this morning at the Shilla Hotel here, the Chief Executive said the possible industries open to Korean businesses were in mining, energy, bio-fuels, technology, tourism, and business process outsourcing. “We are among the Best Values for Investment in the Region in areas like mining, energy, bio-fuels, technology, tourism and business process outsourcing,” the President. She said the Philippines also prides itself of having a “stable environment, English-speaking, hardworking, and proficient workforce and very investment-friendly government which provides fiscal and non-fiscal incentives for investments including the areas I just mentioned.” She enumerated big Korean businesses such as Hanjin Heavy Industries, Inc. (ship building) and Samsung (distribution logistics center) who have invested in the Philippines. And only last May 30, two Korean electric companies have pledged to invest $200-million in wind power projects in the Philippines. Korea East West Power Co., Ltd. (EWP), a wholly-owned subsidiary of Korea Electric Power Company (KEPCO), committed in principle to invest $50 million in Alternergy Philippine Holdings Corporation’s wind power projects in the Philippines while the Export/Import Bank of Korea (KEXIM) also pledged to provide up to $150 million in loans to finance wind power projects that EWP and Alternergy will undertake in the Philippines. “We really want to encourage more renewable energy investments from the Republic of Korea especially because of the “Green Growth, Green Cooperation” initiative.

Other News


July 01, 2025
PH EMBASSY COMMEMORATES RIZAL’S 164th BIRTH ANNIVERSARY

19 June 2025, Seoul – In celebration of the 164h Birth Anniversary of Dr. Jose P. Rizal, the Philippine Embassy in collaboration with the Knights of Rizal (KOR) – Korea Chapter held a solemn wreath-laying at the Sentro Rizal Hall of the Philippine Embassy. 

Read More
June 28, 2025
PHILIPPINE EMBASSY CELEBRATES 127TH ANNIVERSARY OF PHILIPPINE INDEPENDENCE THROUGH A FUSION OF FLAVORS, REAFFIRMS STRATEGIC PARTNERSHIP WITH THE REPUBLIC OF KOREA

SEOUL, 23 JUNE 2025 — Philippine Ambassador to the Republic of Korea Theresa Dizon-De Vega hosted a diplomatic reception on 23 June 2025 at the Grand Ballroom of the Four Seasons Hotel in Seoul in celebration of the 127th anniversary of the proclamation of Philippine independence and 76 years of Philippines-Korea relations.

Read More
June 26, 2025
THE PHILIPPINES AND GGGI SIGN FUNDING AGREEMENT FOR CORE CONTRIBUTION TO ADVANCE GREEN GROWTH

9 June 2025, Seoul, South Korea - The Philippines and the Global Green Growth Institute (GGGI) signed a Funding Agreement, reaffirming their shared commitment to advancing green growth. The Funding Agreement was signed by H.E. Maria Theresa B. Dizon-De Vega, Ambassador of the Philippines to the Republic of Korea, and GGGI Director-General, Sang-Hyup Kim. Under this agreement, the Republic of the Philippines will provide a core contribution to GGGI in 2025.

Read More