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PH AMBASSADOR THERESA DIZON-DE VEGA AND SAMSUNG EXECUTIVE VICE PRESIDENT WON-KYONG KIM DISCUSS BUSINESS AND INVESTMENT OPPORTUNITIES FOR THE PHILIPPINES

Philippine Ambassador Theresa Dizon De Vega and Samsung Executive Vice President Won-kyong Kim discuss business and investment opportunities for the Philippines

9 JULY 2023, Seoul - Ambassador Theresa Dizon-De Vega and Samsung Electronics Co. Ltd. Executive Vice President for Global Public Affairs Won-kyong Kim had a productive meeting at the Philippine Embassy in Seoul on 18 July 2023. Mr. Kim called on the Ambassador to discuss future business and investment opportunities of Samsung Electronics Co. Ltd in the Philippines.

Ambassador Dizon-De Vega shared that the Philippines will celebrate 75 years of diplomatic relations with the Republic of Korea next year and hoped that Samsung will continue to support more PH-ROK economic engagement. Mr. Kim conveyed that the Philippines is one of Samsung's valued partner countries in Southeast Asia and expressed hope that this partnership will continue to grow. Both sides looked forward to stronger economic relations, especially with the forthcoming signing of the Philippines-Republic of Korea Foreign Trade Agreement (PH-ROK FTA).

The Samsung Executive Vice President was joined by Mr. Paul Yoon of the Samsung Global Public Affairs Team's Corporate Management Office. Ambassador Dizon-De Vega was joined by the Embassy's economic team, Third Secretary and Vice Consul Reisha Olavario, and Commercial Attache Jose Ma. Dinsay.

Samsung Corporation is currently the largest company in the Republic of Korea with a USD 292.2 B market cap. In the Philippines, investments of Samsung Electro-Mechanics Philippines Corporation (SEMPHIL) in the country has surpassed USD 25 billion. END

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