The Philippines and South Korea signed agreements on Monday covering maritime cooperation, infrastructure development, energy and other key areas during the state visit of South Korean President Yoon Suk Yeol.
President Ferdinand R. Marcos Jr. and Yoon witnessed the signing of the agreements following their bilateral meeting at the Malacañan Palace.
Signed were the Memorandum of Understanding (MOU) between the Philippine Coast Guard and the Korea Coast Guard on Maritime Cooperation; Memorandum of Understanding on the Economic Innovation Partnership Program (EIPP); and the Memorandum of Understanding for Strategic Cooperation on Critical Raw Material Supply Chains.
Also inked were the Memorandum of Understanding on the Feasibility Study of Bataan Nuclear Power Plant (BNPP); the Loan Agreement on Samar Coastal Road II Project and the Memorandum of Understanding on the Laguna Lakeshore Road Network Project Phase I (Stage I) and the Panay-Guimaras-Negros Island Bridges Project.
The Implementation Program of the Memorandum of Understanding between the Department of Tourism of the Philippines and the Ministry of Culture, Sports, and Tourism of the Republic of Korea for 2024-2029 was also signed.
Yoon’s state visit coincides with the celebration of the 75th anniversary of the establishment of the bilateral relations of South Korea and the Philippines. | PND
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