30 January 2024, Seoul - The Philippine Embassy through its commercial counselor Mr. Jose Ma. Dinsay participated in a specialized panel hosted by The Economist to discuss the growing importance of rising Asian economies as regional business partners and the opportunities this presents for the future of South Korea. The event was limited to senior-level executives and members of the Economist Intelligence Corporate Network.

During the panel discussion, Commercial Counselor Dinsay discussed business opportunities in the Philippines for Korean companies in Electric Vehicles (EV) and EV batteries, mineral processing, electronics, and semiconductors. He also provided an overview of the incentives foreign investors will receive under the Philippines' Corporate Recovery and Tax Incentives for Enterprises Act [CREATE].

The panel also highlighted the new era the signing of the PH-ROK Free Trade Agreement ushers in for business and private enterprises. A new pathway for deeper business and investor collaboration, the signing of the comprehensive and groundbreaking Philippines - Republic of Korea free trade agreement brings many economic advantages to both nations in areas such as the automotive industry, information technology and electronics, smart farms, and the public health sector. Signed on 7 September 2023 at the sidelines of the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, the PH-ROK FTA will also strengthen ASEAN-ROK economic ties and foster closer cooperation for prosperity in the region. END