S. Korean president supports Philippines position on sea row: Aquino-A A +A
Saturday, October 19, 2013
PRESIDENT Benigno Aquino III said he got the support of South Korean President Park Geun-Hye for the Philippines' quest for stability in the disputed territory as he returned from a "fruitful" two-day state visit from East Asian country.
In his arrival message at the Ninoy Aquino International Airport Terminal 2 in Pasay City on Friday evening, the President said he went home from South Korea with strong determination to continue pursuing national transformation that his administration has been spearheading.
"Sa aming paghaharap, nagpahayag po ng suporta si Pangulong Park sa prosesong isinusulong natin upang mapanatili ang stabilidad, at maresolba ang mga di pagkakaunawaan; gaya natin, naniniwala sila sa halaga ng pagsunod sa batas at tamang patakaran, na sumasaklaw sa lahat ng bayan, gaano man ito kalaki o kalakas," he said.
There was fruitful discussion on the issues of defense, disaster response, trade, maritime dispute and sports, the President added.
Park committed South Korea's assistance to Zamboanga City, which was devastated by recent violence as well as to the Visayas region affected by a strong earthquake this week.
The President said that his counterpart informed him that the government of South Korea is donating $300,000 for the victims of the recent earthquake in the towns of Bohol and Cebu.
South Korean companies like Hanjin have committed to intensify its investment in the country, he reported. The Korea Electric Power Corp. (KEPCO), which contributes to around 10 percent of power generated in the country, wanted to widen its operations in the Philippines.
Lotte, company engaged in hotel business, wants to put up hotel projects in the Visayas region, the President said. It also eyes to invest in other parts of the country to build more hotels, theme park, office space, and others.
South Korea's National Pension Service has an available $50 billion that could be invested in the Philippines each year, according to the President.
The extraordinary developments in the Philippine economy have generated a lot of interest in South Korea to bring its money here and invest, he said.
The President also said he had a successful interaction with Filipinos leaving or staying in South Korea while in his two-day state visit to that country. (SDR/Sunnex)