THE Philippines and South Korea signed five bilateral agreements on Monday in a bid to strengthen ties between the two states. President Rodrigo Duterte and his counterpart, Moon Jae-in, presided over the ceremonial signing of these agreements during the Philippine leader’s visit to Seoul. An MOU on trade and economic cooperation was signed by Trade Secretary Ramon Lopez and Minister of Trade, Industry and Energy Paik Ungyu. Defense Secretary Delfin Lorenzana and Paik then signed an MOU for cooperation on the expansion of renewable energy deployment. Finance Secretary Carlos Dominguez 3rd and Export-Import Bank of Korea Chairman Eun Sung-soo signed a loan agreement for the upcoming Cebu port.

Source: Manila Times June 04, 2018 16:52 UTC