The Philippines is prepared to welcome South Korean investments, President Ferdinand Marcos Jr. said Monday, Oct. 7.
“To our esteemed Korean partners, I want to assure you the Philippine government stands ready to embrace your investments with open arms and with a continuing and unwavering support,” Marcos Jr. said during the Philippines-Korea Business Forum at the Manila Hotel, which was also attended by South Korean President Yoon Suk Yeol.
The President assured investors that the government is continuously finding ways to make the Philippines a more conducive place to do business.
“We are accelerating policy reforms designed to improve the business environment here,” he furthered.
Among these efforts are significant legislative initiatives, such as the Public-Private Partnership Code of the Philippines, the Internet Transactions Act, and the Tatak Pinoy Act, all designed to enhance infrastructure development, promote a dynamic digital economy, and support industrial growth.
Marcos Jr. also told South Korean businessmen that investing in the Philippines at this opportune time is a fine strategic move, saying that the country saw a six percent growth in the first half of 2024.IMT
