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.
PTIC-Seoul also invited around 80 Korean companies, which have signified an interest in investing in Central Luzon, to an investment promotion seminar which was jointly organized between the Philippine Embassy in Seoul, BDO Bank, and the ASEAN Korea Center.
Other business meetings and company visits were also organized, including meetings with the Korea Importers Association (KOIMA), STS Semiconductors, the ASEAN Korea Center, LSD Industrial Systems, and the Incheon Free Economic Zone.