PH, S. Korea ink deals on nuclear energy, shipbuilding

The Philippines and South Korea inked several agreements in key strategic sectors, which indicated the expansion of economic cooperation between the two countries. 

The deals cover key sectors including shipbuilding, nuclear energy, aerospace, critical minerals supply chains, retail, and health and wellness.

In his speech during the business forum between the Philippines and the Republic of Korea, President Ferdinand ''Bongbong'' Marcos Jr. said the signed business agreements “demonstrate the enthusiasm of our private sectors to deepen our strong economic relations.”

“All of these will ripple into significant partnerships that will generate projects, investments, and of course, livelihood,” Marcos said. 
 
Marcos said South Korean President Lee Jae Myung’s presence in the country underscored Seoul’s commitment to expanding cooperation with Manila.

“We are grateful to the Republic of Korea for being a steadfast partner in this journey. Because of the confidence that you have placed in our country, foreign direct investments have grown through the decades,” Marcos said.

The Philippine leader said the newly signed agreements build on a long-standing relationship anchored on mutual respect, cultural exchange, and sustained economic collaboration.

“In a rapidly changing world, resilience is built not in isolation, but in partnership,” Marcos said as he expressed confidence that the deals will help both nations secure a competitive and self-sustaining future.

Marcos, meanwhile, assured investors that his administration has been implementing economic reforms to strengthen investor confidence, improve the ease of doing business, and ensure inclusive growth.

He also thanked the Philippine Chamber of Commerce and Industry and the Federation of Korean Industries for facilitating collaboration between business leaders from both countries.

“Your collaboration exemplifies the very partnership  that we seek to cultivate—one grounded in initiative, in coordination, and in purpose,” Marcos said. —VAL, GMA Integrated News