Seoul: South Korea and the Philippines have engaged in discussions aimed at enhancing bilateral cooperation in trade, investment, and supply chains against a backdrop of changing global trade dynamics, as reported by Seoul's industry ministry.
According to Yonhap News Agency, South Korean Industry Minister Ahn Duk-geun met with a Philippine government delegation led by Frederick Go, special assistant to the president for investment and economic affairs. The discussions centered on strengthening ties in critical minerals and renewable energy, following the upgrade of bilateral relations to a strategic partnership in the previous year.
In 2024, the two countries signed memorandums of understanding to collaborate on the Philippines' nuclear power plant project on the Bataan peninsula and the supply chain of critical minerals. The ministry noted that Frederick Go conveyed the Philippines' view of South Korea as a significant partner in trade and investment. Minister Ahn acknowledged the Philippines' growth potential, citing its efforts to foster a favorable environment for corporate investments.
The Filipino delegation also organized a business forum focused on cooperation between South Korea and the Philippines. In a congratulatory message for the forum, Ahn emphasized Seoul's commitment to collaborating with the Filipino government and leveraging economic cooperation platforms to support corporate partnerships between the two nations.