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PH and SoKor concur to increase security, infrastructure, and energy cooperation

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On Saturday, Presidents Ferdinand R. Marcos Jr. and Yoon Suk Yeol of South Korea reached an agreement to increase bilateral cooperation in a number of areas, including security, infrastructure, and energy.

On the fringes of the 40th and 41st Association of Southeast Asian Nations (ASEAN) Summit and Related Summits, Marcos and Yoon met bilaterally at the Sokha Hotel in Phnom Penh, Cambodia, and pledged to forge a deeper alliance.

Marcos said to Yoon, “I do think that it is time that we start working to raise our bilateral relations to a strategic partnership.

“Our recently established bilateral forums on fisheries, cooperation, and maritime cooperation, as well as research and technology, all contribute to the development of this engagement,” he continued.

Push for denuclearization

Marcos expressed concern over North Korea’s ongoing missile tests while supporting South Korea’s efforts to denuclearize the Korean Peninsula.

We wholeheartedly back the Republic of Korea in its efforts to denuclearize North Korea since this is a matter of grave concern, Marcos stated.

He continued, “The Philippines is with you on that, and we will help South Korea in that effort in every way we can.

Both parties decided to take their relationship to a new level that will improve people-to-people interactions, infrastructure, and energy.

Yoon and Marcos have never actually met before.

On March 3, 1949, the Philippines and South Korea formally established diplomatic relations.

One of Manila’s top development partners in South Korea.

In order to achieve marine security, Marcos commended South Korea for its solidarity actions, which include an “infusion of major cash in various regional cooperative projects.”

The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Fund of South Korea was one of the programs Marcos mentioned.

BIMP-EAGA, which was founded in 1994, intends to close the socioeconomic development gaps in the four nations by promoting socioeconomic development in underserved, marginalized, and distant areas.

Cebuano Cebuano English English Filipino Filipino

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