PH, South Korea solidify ties, cooperation in various sectors

PTVPhilippines

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00:00With all the things happening in the West Philippine Sea that, to say the least, needlessly warrants prompt action,

00:06probably our best option is to forge or solidify alliances with nations of common interest

00:12to ultimately preserve the peace and order in the Indo-Pacific region.

00:16Clay Salfardilia has all the details to this very important meeting of minds between our leader and that of South Korea.

00:24The Philippines and South Korea have further solidified their relationship and cooperation in various sectors

00:35following the recent visit of South Korean President Yun Suk-hyen.

00:39President Ferdinand R. Marcos Jr. and First Lady Liza Araneta Marcos warmly welcome President Yun and First Lady Kim Kyon-hee at Malacanang this morning.

00:50The bilateral meeting proved to be productive, with discussions centered on critical issues related to politics, security, and defense.

00:58Both leaders exchanged insights on regional and international matters, notably the West Philippine Sea and the Korean Peninsula.

01:07Significantly, several important agreements were reached,

01:10including the strengthening of maritime cooperation between the Philippine Coast Guard and the Korean Coast Guard.

01:17To strengthen understanding, mutual trust, and confidence,

01:21and for the purpose of the promotion, preservation, and protection of our mutual maritime interests,

01:26including maritime order and safety in the Asia-Pacific region,

01:31we have signed a memorandum of understanding between the Philippine Coast Guard and the Korean Coast Guard on maritime cooperation.

01:38We agreed to enhance our cooperation in the defense industry.

01:41In particular, Korea will actively take part in the Re-Horizon 3 phase of the modernization of the AFP.

01:47Also, based on the MOU on maritime cooperation signed today,

01:52our two countries will reinforce maritime security partnership in such areas as tackling transnational crime,

01:57information sharing, and conducting search and rescue missions.

02:00During the bilateral meeting of Philippines and South Korea presidents,

02:05the enhancing of people-to-people connections as well as economic development between the two nations was on the table.

02:12A key outcome of the talks was the signing of a memorandum of understanding for a feasibility study on the Bataan nuclear plant,

02:20which aims to ensure a reliable supply of electricity for the country.

02:25The leaders also agreed to establish a framework aimed at boosting urban development in the Philippines,

02:31alongside forming strategic cooperation on raw materials utilized in supply chains.

02:37Furthermore, loan agreements were finalized for several major infrastructure projects,

02:42including the Samar Coastal Road 2 project, the Laguna Lakeshore Network Project Phase 1,

02:48and the Panaygi Maras Negros Island Bridges Project.

02:51These initiatives are designed to improve transportation, trade, and overall economic growth.

02:58In addition, the implementation program of the Memorandum of Understanding between the Department of Tourism

03:04and the Ministry of Culture, Sports, and Tourism of Korea was signed and sealed,

03:08aiming to strengthen bilateral tourism cooperation until 2029.

03:13This state visit coincides with the 75th anniversary of diplomatic relations between the Philippines and South Korea,

03:20established in March 1949.

03:23President Marcos Jr. emphasized this occasion symbolizes rich historical ties between the two nations.

03:30He highlighted the Philippines' significant contribution during the Korean War in 1950,

03:36when thousands of Filipino soldiers were dispatched to support South Korea.

03:41President Marcos Jr. affirmed that the relationship between the Philippines and Korea

03:45continues to grow stronger in defense, security, maritime cooperation, and trade,

03:51with a clear focus on further solidifying the strategic partnership for the future.

03:57As a geopolitical environment is only becoming more complex,

04:01we must work together to achieve prosperity for our peoples

04:05and to promote a rules-based order governed by international law,

04:11including the 1982 UNCLOS and the binding 2016 Arbitral Award.

04:18I hope that my state visit will serve as an opportunity to not only further enhance our trade and economic cooperation,

04:25but also widen the scope of our partnership to include future-oriented sectors

04:30such as security, digital technology, and energy.

04:33This is the first state visit by a president of Korea to the Philippines in 13 years.

04:38Gele zalpar di liyok for the new and better Philippines.

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