The Embassy of the Republic of Korea with The Ministry of Land, Infrastructure and Transport(MOLIT) represented by 2nd Undersecretary Kim Jeong Ryeol hosted the Korea-Philippines Infrastructure Forum on July 31, 2018, at the Makati Shangri-la, Philippines. DOTr Undersecretary Timothy John Batan, DPWH Undersecretary Emil Sadain and NEDA Undersecretary Rolando Tungpalan graced the Forum.
In the forum, Undersecretary Batan, Sadain, and Tungpalan together with DTI Overseas Construction Board Executive Director Doris Gacho introduced major infrastructure projects of their respective agencies' in pursuit of The Duterte government’s Build Build Build policy before 120 attendees, including representatives of Korean and Philippines companies.
Delegations from Korea, Incheon Airport, Korea Rail Network Authority, Korea Railroad Research Institute and ITS KOREA, shared Korea’s airport development and operational experience and ITS/(Intelligent Transportation System) Technology and had opportunities to exhange with Philippine government and companies.
Also, a number of Philippine businessmen invited by KCCP President Hoik Lee, such as PhilKorec President Nina Mangio and over 30 Philippine entrepreneurs, attended the forum at the invitation of KOTRA Manila, including construction companies(Sta. Clara), airlines(China Eastern Airlines), financial institutions(Philippine National Bank) and related organizations(Philippine Korea Economic Council). Consultation meetings and networking provided to be very meaningful for enhancing Korea-Philippines economic cooperation.
Ambassador HAN Dong-man appraised the event for its innovative and remarkable way to promote Korean companies' activities in the Philippines for the Philippine government officials introduced their activities and companies of Korea and the Philippines had opportunities to establish networks on site simultaneously. He wishes this forum could be hosted again and known as one of the best practices of practical economic cooperations to other countries.
MOLIT 2nd Undersecretary Kim Jeong Ryeol said the Republic of Korea and The Philippines, which have reached the 70th anniversary of diplomatic relations in next year, has been closely cooperating in economic development process and participated in the Korean War as alliances. As a follow-up action to the signing of MOU for transportation cooperation between MOLIT and DOTr during last Korea-Philippines Summit, this forum is a first step to discover practical cooperation projects in the field of Transport and Infrastructure. If Korea’s remarkable economic development experience and Philippine’s infinite growth potentials are combined, the economic development and growth in the Philippines could be expanded.
Attachment: Presentations of Incheon Airport and ITS Korea