PHILIPPINE AMBASSADOR HIGHLIGHTS PH DEVELOPMENT COOPERATION OPPORTUNITIES WITH KOREA EXPORT-IMPORT (KEXIM) BANK EXECUTIVES

30 October 2024, Seoul - Philippine Ambassador Theresa Dizon-De Vega underscored the impact of Korea Export-Import Bank funded projects for the transformative economic development of the Philippines in a meeting with Korea Eximbank Executive Director Um Sung-Yung on 21 October 2024 at the Philippine Embassy in Seoul. Both sides looked forward to the successful implementation of EDCF projects in the pipeline, agreeing that infrastructure projects are crucial for sustainable development, impacting not just economies but also communities and the environment.
The meeting likewise discussed the successful outcome of the State Visit of President Yoon Suk Yeol to the Philippines, including the recently signed memorandum of understanding (MOU) providing around USD 2 billion in financial assistance through the Economic Development Cooperation Fund for the Laguna Lake Circular Road Network and the Panay-Guimaras-Negros (PGN) bridge construction projects, as well as the loan agreement for the second phase of the Samar Pacific Coastal Road project.
When completed, the projects are expected to help usher in the transformative development of the Philippine economy through improved transportation and connectivity which will boost the trade, agriculture, and tourism industries, and elevate the living standards of Filipinos who will benefit from the projects.
Both the Laguna Lake circular road and PGN bridge construction projects are mega landmark projects, ranking as the first and second largest projects in the fund’s history.
The Philippines and the Republic of Korea are long-time partners in economic and industrial development through the EDCF fund. END
PHILIPPINE AMBASSADOR MEETS WITH GREEN ENERGY COMMITTEE CHAIR OF THE INTERNATIONAL ELECTRIC VEHICLE EXPO (IEVE)

29 October 2024, Seoul - Philippine Ambassador Theresa Dizon-De Vega met with Green Energy Committee Chair of the International Electric Vehicle Expo (IEVE) Mr. Michael Choi at the Philippine Embassy in Seoul on 21 October 2024.
The Philippines is an active participant in the IEVE, regularly sharing developments in the Philippine EV ecosystem and its potential to create a more efficient and sustainable transport system. In pursuit of increasing the use of EV in the Philippines, the EV Association of the Philippines has also taken an active role in the ASEAN Federation of Electric Vehicle Associations with other Asian countries such as Malaysia, Thailand, Singapore, Laos and Indonesia. As the second largest producer of nickel in the world, the Philippines can benefit from advancing the Electric Vehicle industry as critical raw materials are required to manufacture its vehicles and parts. The Philippines looks forward to the successful convening of the 2025 IEVE Expo in Jeju Island, with its renewed focus on green energy transition in the mobility sector and ROK’s Carbon-Free Initiatives. END
PHILIPPINE AMBASSADOR WELCOMES NEW UNITED NATIONS MEMORIAL CEMETERY IN KOREA (UNMCK) CUSTODIAN
Philippine Ambassador to the Republic of Korea Theresa Dizon-De Vega met with UNMCK Custodian Suh Jeong In on 21 October 2024. Ambassador Dizon-De Vega was joined by Third Secretary and Vice Consul Reisha Olavario and Defense Attaché Col. Don Templonuevo.
21 October 2024, Seoul - Recently-appointed UN Memorial Cemetery in Korea (UNMCK) Custodian Ambassador Suh Jeong-In paid a courtesy call on PH Ambassador to the Republic of Korea Theresa Dizon-De Vega on 21 October 2024 to provide updates on the UNMCK and discuss the long-standing partnership between the Philippines and the Republic of Korea in terms of honoring Korean War veterans.
The United Nations Memorial Cemetery in Korea located in Busan is the final resting place of the fallen UN soldiers and war veterans who fought in defense of peace and freedom following the outbreak of the Korean War on the 25th of June 1950. The UN Memorial Cemetery in Korea comprises monuments donated by the participating nations as well as Memorial Service Hall, Memorabilia Hall, Wall of Remembrance, and the UN Forces Monument. Citizens of all nations come to the UNMCK to pay their respects to fallen heroes of the war.
During the call, both sides discussed the importance of the UNMCK in honoring Korean War Veterans by commemorating their sacrifices and contributions in defending the Republic of Korea. The Philippines was one of the largest force providers during the 1950 Korean War, sending 7,420 troops from the Philippine Expeditionary Forces to Korea (PEFTOK) to help the Republic of Korea. Of the 7,420, 120 Filipino soldiers lost their lives in battle.
A friend of the Philippines and former career diplomat, Ambassador Suh Jeong-in has an extensive background in multilateral affairs including serving as the Government representative and Executive Director of the 2019 ASEAN-ROK Commemorative Summit held in Busan and as Permanent Representative of Korea to ASEAN. The Philippine Embassy wishes the Ambassador all the best in his new role as the UNMCK custodian. END
ASEAN COMMITTEE IN SEOUL MEETS WITH AMOREPACIFIC GROUP, SPOTLIGHTS GROWING K-BEAUTY MARKET IN SOUTHEAST ASIA

27 October 2024, Seoul. Philippine Ambassador to the Republic of Korea Theresa Dizon-De Vega, in her capacity as the Chairman of the ASEAN Committee in Seoul (ACS), spearheaded the visit of ACS Ambassadors and working-group representatives to the Amore Pacific Osan Beauty Campus located in Osan-si, Gyeonggi-do, Republic of Korea on 24 October 2024. AmorePacific Corporation is ROK’s largest cosmetic and skincare manufacturer. It is widely known for brands such as Sulwhasoo, Laneige, Innisfree, Etude House, Mamonde and the wellness beverage and food brand Osulloc.
During the visit, Ambassador Dizon-De Vega underscored the importance of building opportunities for future cooperation between the ACS and the AmorePacific Group given the growing prominence of K-beauty in the Southeast Asian market. The Ambassador also spotlighted avenues for greater engagement between AmorePacific and ASEAN countries through sourcing of ingredients and raw materials, research and development, manufacturing, supply chain distribution and consumer retail, among many others.
The company currently has 27 overseas bases six of which are in Singapore, Thailand, Indonesia, Malaysia, Vietnam, and the Philippines. The ASEAN region is a strategic market for the company, especially with the surge of the Hallyu Wave and its forward-looking economic growth.
The AmorePacific Beauty Park in Osan is Amore Pacific’s integrated production and logistics base, equipped with cutting-edge cosmetics manufacturing facilities and logistics centers. The ACS delegation was welcomed by Amore Pacific Group CEO Mr. Lee Sang-mok and Supply Chain Management Senior Vice President Mr. Kang Myung-gu.
The ACS received a briefing on the overview of the Amore Pacific, its domestic production plants, and global warehouse network. The group also visited the Amore Pacific Botanical Garden, a space where visitors can explore various species of plants such as Camellia, Tea, Peony, and Magnolia used as ingredients in Amore Pacific’s skincare and cosmetics products, the Amore Pacific archives which hold records and pertinent memorabilia from the company’s inception in 1945 to the present, and the Amore Pacific Factory which utilizes a supply chain management (SCM) intelligence system and autonomous manufacturing and production lines, requiring minimal human supervision for the actual production process of AmorePacific products.
The site visit to the AmorePacific Beauty Park is an initiative of the Philippine Embassy in Seoul. As part of the rotating Chairmanship, the ACS undertakes company visits to top corporations in ROK covering diverse fields of business and innovation to provide ASEAN Ambassadors and Embassies with a first-hand look at the corporate vision and roadmap of Korea’s top enterprises and to engender greater engagement on the economic front. This activity is the first visit of the ACS to a cosmetics, beauty, and wellness company in recent years. END



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Announcement & News Updates
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