Korean investors want partnerships with Filipino companies

[pioneer]

Korean investors in the Philippines have opened and are ready to open new partnerships with Filipino companies and absorb thousands of professionals and skilled workers here and in Korea.

This was the core message delivered by Korean Chamber of Commerce Philippines president Jae J. Jang in pitching for the building of an East Asian Economic Community (EAEC) during an international forum on the role of business in the economic integration of East Asia in a Makati City hotel recently.

The new investment opportunities, Jang said, are in heavy industries, tourism, food and beverages, English teaching centers, retirement villages and in skilled manpower.

He mentioned the fact that Korea was the top foreign direct investor in the Philippines last year following the setting up of ship-building and ship repair facilities by one of its giant ship building corporations, Hanjin Shipbuilding Co. at the Subic Freeport.

source: Sun Star Daily Cebu