Korea Philippines cooperation gained momentum as President Lee Jae Myung held his first phone call with Philippine President Ferdinand Marcos Jr. since taking office in early June. During the discussion, the two leaders explored ways to deepen collaboration in trade, infrastructure, and shipbuilding. They also reaffirmed their shared goal of strengthening ties between their nations.
President Lee noted that South Korea has become the largest investor in the Philippines and the top source of visitors. Consequently, both leaders agreed to maintain and expand this dynamic exchange. They emphasized that the Korea-Philippines free trade agreement provides a strong foundation for future growth.
The conversation also touched on expanding infrastructure cooperation. Lee encouraged Korean companies to join major Philippine projects, including maritime bridges and railway developments. Additionally, he highlighted the potential for growth in the shipbuilding sector, an area where both nations can benefit from increased collaboration.
Furthermore, Lee recognized the Philippines as a long-standing ally. He recalled that the Philippines was the first Asian country to join the Korean War, sending the largest contingent from the region. This historical bond, he stressed, underlines the importance of continued partnership.
In return, President Marcos expressed optimism about advancing the strategic partnership. He welcomed closer cooperation in multiple sectors, stating that both countries could achieve more through sustained dialogue and joint efforts.
The two leaders also agreed that economic collaboration should go hand-in-hand with cultural and people-to-people exchanges. Such initiatives, they noted, will strengthen the foundation of the Korea Philippines cooperation beyond trade and infrastructure.
Observers say the call signals a renewed phase in bilateral relations. The discussion not only set immediate cooperation goals but also reinforced the commitment to long-term strategic alignment. Both leaders expressed confidence that by working together, Korea and the Philippines can achieve greater economic resilience and regional stability.
