Korean food companies eye PH food products

04_07_16 usec nkt_korean IMG_3470aKorean food companies eye PH food products.

The Department of Trade and Industry (DTI) Undersecretary Nora K. Terrado (3rd from left) accompanied by Export Marketing Bureau (EMB) Assistant Director Anthony B. Rivera (2nd from left) welcomed Korean food business delegation led by Mr. Lee Dong Co (4th from left) of the ASEAN Korean Center (AKC) last April 7 at the DTI International Building, Makati City. The delegation, which aims to source food from the Philippines and help Filipino food exporters to understand the Korean food market, is composed of seven top Korean food companies represented by Mr. Lee Hoyeon of CJ Cheildjedang, (2nd from right) and one of Korea’s top chefs, Mr. Kim Jin Rae (1st from left). Also included during the courtesy call is Ms. Son Hee Jung (3rd from right) of AKC and Commercial Attache Emmanuel Niño Ang (1st from right).

PH ripe for investments; Korean investors keen on infrastructure, energy projects in PH


Board of Investments (BOI) Managing Head Dr. Ceferino Rodolfo welcomed a Korean delegation of business men in the country recently (February 22-24, 2016). Ambassador Kim Young -Sun, Secretary-General of the Asean Korea Centre (AKC) led a delegation of 14 Korean companies keen on investing on infrastructure and energy projects in the Philippines.

“The Philippine economy is ripe for foreign investments,” said Rodolfo. He said that now is the best time for foreign investors to invest in the Philippines as the country continues to experience growth and stability.

Korean investors keen on infrastructure, energy projects in PHIn photo: Philippine and Korean government officials led by DTI Undersecretary and BOI Managing Head Ceferino Rodolfo (front row, fifth from left), ASEAN-Korea Centre Secretary General Kim Young-Sun (front row, sixth from left), and Minister and Consul General, Deputy Chief of Mission of the Korean Embassy to the Philippines Honorable Won-Jik Kwon (front row, fourth from left), and, with participants of the Philippines-Korea Investment Forum.

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Central Luzon IPAs conclude successful investment roadshow in Seoul


Last 27-29 May 2015, the leading Investment Promotion Agencies (IPAs) in Central Luzon conducted an investment promotion mission in South Korea. Taking advantage of the resurgent Philippine economy and increasing Korean investment interest in our country, the IPAs conducted information sessions and participated in business matching meetings, seeking to encourage more Korean companies to locate in the Philippines and participate in our continued economic growth.

The IPAs included the Bases Conversion and Development Authority (BCDA), Subic Bay Metropolitan Authority (SBMA), Clark Development Corporation (CDC), Subic and Clark Alliance for Development (SCAD), Clark International Airport Corporation (CIAC), Freeport Area of Bataan (FAB), and the Clark Investors and Locators Association (CILA). Officials from DFA and DOT also participated, and the whole delegation was led by DFA Undersecretary Laura Del Rosario.

The Philippine Trade and Investment Center in Seoul matched the Philippine IPAs with specific investors and companies in a B2B event, where around 37 B2B meetings took place, including meetings with Korean companies in shipbuilding, construction/infrastructure, water and utilities, renewable energy and environment management, tourism and resorts, airports, etc.

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Philippine investments showcased in Seoul


Philippine investments showcased in seoul

Last 24 March 2015, the Korea International Trade Association (KITA) organized a Seminar for Investment in ASEAN 2015. KITA is currently the largest business organization in Korea with over 73,000 member companies. Representing the interests of Korea's global traders, KITA serves a diverse range of roles including: providing hands-on support to trade companies, drawing trade cooperation from the private sector, formulating new trade strategies, nurturing trade professionals and building trade infrastructure. With a widely established network of 12 domestic offices and 9 overseas branches in major cities, KITA has consolidated its position as a leading business organization dedicated to assisting SMEs in gaining foreign market entry and has actively contributed towards Korea's recent achievement of 1 trillion dollars in trade volume.

During the KITA-organized Seminar, five (5) ASEAN Countries presented their respective trade and investment business environments and opportunities.

The Philippines, represented by BOI Director Angie Cayas, updated the Korean business community about current developments and opportunities in ASEAN’s fastest growing economy. More than 100 Korean companies, mostly SMEs, appreciated the information provided by Director Cayas.

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Shinhan Financial Group officials call on PHL’s top envoy


SEOUL, 21 July 2014 – Philippine Ambassador to South Korea Raul S. Hernandez met with officials of the Shinhan Financial Group led by its Deputy President Mr. Hyung Jin Kim on 21 July 2014 at the Philippine Embassy in Seoul.

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In their meeting, Ambassador Hernandez expressed appreciation for the call and Shinhan Financial Group’s vote of confidence in the Philippine economy. Mr. Kim briefed the Ambassador on developments pertaining to his company, stressing its creed to benefit the world through private finance.

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The meeting was made possible through the efforts of the Philippine Trade and Investment Center (PTIC), headed by Special Trade Representative and Commercial Counsellor Nicanor S. Bautista.

Since its founding in 1982 in Seoul, the Shinhan Financial Group has emerged as Korea’s top commercial bank, and has an established presence in 15 countries.

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The Shinhan Financial Group is engaged in banking, securities, asset management, insurance, lease and financial consulting services.