Marcos to Korean businesses: PH ready to embrace your investments

President Ferdinand ''Bongbong'' Marcos Jr. on Monday assured Korean businesses that his administration is doing all measures to make the Philippines more conducive for business.

Marcos made the remark during the Philippines-Korea Business Forum at the Manila Hotel.

''To our esteemed Korean partners, I want to assure you: The Philippine government stands ready to embrace your investments with open arms and with a continuing and unwavering support,'' Marcos said.

''We are continuously finding ways to make the Philippines a more conducive place to do business. We are accelerating policy reforms designed to improve the business environment here,'' he added.

Marcos said that through key policy reforms and measures, the government aims to make the Philippines a top destination for sustainability, ''and to be sustainable in our strategic investments.''

''As we leverage our strategic location and engage in international agreements like the ASEAN-Korea Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement, we are actively pursuing our regional economic integration agenda,'' Marcos said.

He said the recently ratified Philippines-Korea Free Trade Agreement ''elevates our relations by reducing or eliminating tariffs on key products, such as agricultural goods, electronics, and automotive components.''

''This FTA prioritizes cooperation in sectors of mutual interest, such as electric vehicles, processing of critical minerals, pharmaceuticals, and creative industries. But beyond policies and numbers, what truly enriches our relationship is the vibrant tapestry of our people-to-people connections,'' Marcos said. — RSJ, GMA Integrated News