The MOU on Trade, Economic, and Energy Cooperation was signed on May 14 on Jeju Island, South Korea by Philippine Trade and Industry Secretary Cristina A. Roque and South Korea’s Minister of Trade, Industry and Energy Cheong In-kyo.
The free trade agreement (FTA) between the Philippines and South Korea entered into force on Dec. 31, 2024, marking a historic milestone in their bilateral economic relations.
The Bases Conversion and Development Authority (BCDA) signed three memoranda of understanding (MOUs) with leading Korean business experts to support the transformation of New Clark City into a preferred investment and tourism destination in Asia.
The Philippine Department of Tourism and the Ministry of Culture, Sports, and Tourism of the Republic of Korea signed the implementation program of the Memorandum of Understanding on Tourism Cooperation for 2024-2029 during the state visit of South Korean President Yoon Suk-yeol to the Philippines.