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The Philippines and South Korea signed a deal to accelerate trade, drive industrial transformation, and spearhead green energy collaboration
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The memorandum of understanding signed on May 14 in Jeju, South Korea outlines joint initiatives in key areas, including renewable energy, electric vehicles, and the value-added processing of critical minerals for battery production
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Both sides will now continue to work on concrete initiatives on trade, industrial technology, and energy resource development
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As the Philippines prepares to assume the Association of Southeast Asian Nations Chairship in 2026, DTI said the partnership positions the Philippines as a regional driver of cooperation and strategic linkages, bridging Southeast Asia’s priorities with global economic trends
The Philippines and South Korea signed a deal to accelerate trade, drive industrial transformation, and spearhead green energy collaboration.
Signed on May 14 in Jeju Island by Philippine Trade Secretary Cristina Roque and South Korea’s Trade, Industry and Energy Minister Cheong In-kyo, the memorandum of understanding outlines joint initiatives in key areas.
These include renewable energy, electric vehicles, and the value-added processing of critical minerals for battery production. The collaboration is expected to advance both countries at the forefront of the green industrial revolution.
“This is a bold declaration of our collective goal of shaping a future-ready, innovation-driven economy anchored on robust global partnerships and equitable growth for all our citizens,” Roque said in a statement.
Building upon the momentum of the Philippines-South Korea bilateral free trade agreement that took effect last year, the Department of Trade and Industry (DTI) said the MOU is a significant leap forward in both country’s economic vision. Both sides will now continue to work on concrete initiatives on trade, industrial technology, and energy resource development.
READ: Philippines-Korea FTA to take effect Dec 31
As the Philippines prepares to assume the Association of Southeast Asian Nations Chairship in 2026, DTI said the partnership positions the Philippines as a regional driver of cooperation and strategic linkages, bridging Southeast Asia’s priorities with global economic trends.
