Large South Korean Manufacturing Companies to Expand in the Philippines


Some of the world's most prominent South Korean manufacturing companies such as Samsung, Hyundai and Kepco will be expanding in the Philippines in light of the country's fastest-growing economy under Pres. Duterte.


According to Trade and Industry Secretary Ramon Lopez stated during a media interview that he met with over 200 company officials in an investor conference in South Korea.

Sec. Lopez was quoted as saying "We just recently concluded the investors’ conference followed by the investors’ roadshow in Korea to further boost confidence from major companies in Korea, such as Samsung, Hyundai, Kepco."


The DTI Secretary added further that "We highlighted trade and industry policy directions and the socioeconomic agenda of President Duterte, including the boost in infrastructure development and tax reform initiatives,” he said.

Some of the world's major Korean companies already expressed interest in investing or expanding their operations in the Philippines.

More than 200 participants from major companies of South Korea attended the event that surpassed expectations of only 80 individuals from different companies. These participants are engaged in manufacturing, focused on auto parts, electronics, agribusiness and food processing.


Source: BusinesWorld

Large South Korean Manufacturing Companies to Expand in the Philippines Large South Korean Manufacturing Companies to Expand in the Philippines Reviewed by Phil Newsome on 12/12/2016 Rating: 5

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