BOI & PCU ink investment promotion accord
Balita News
and the Philippine Christian University (PCU) have signed a Memorandum
of Agreement (MOA) to mutually facilitate the promotion of Korean
investments into the Philippines.
BOI Vice-Chairman and Undersecretary Melito S. Salazar, Jr. and PCU
President Dr. Carlito S. Puno were the main signatories.
In the MOA, the two parties committed to mutually cooperate in
helping forge investment joint ventures between Filipino and Korean
businessmen.
The MOA is considered significant as it provides opportunities for
both countries to assist one another in the aftermath of the Asian
financial crisis.
Under the accord, PCU will help identify prospective Korean
investors and industry sectors, provide market studies and consultancy,
resource persons and translators, and assist BOI in trade and investment
missions to and from the Republic of Korea.
BOI, in turn, will provide PCU with relevant information,
promotional materials and reports regarding Korean investors and
investments in the country.
Dr. Joseph Chung, a professor of the PCU Center for Graduate Studies
in Business and Management spearheaded the initiative to involve the two
institutions in the collaborative undertaking.
Salvador Co, Country Desk Officer for the Republic of Korea at the
BOI assisted in the development of the joint investment promotion
effort. (PNA) JCN/aav
PNA 06291843