SEOUL, South Korea – In line with its continuous quest to entice foreign investors, the Authority of the Freeport Area of Bataan (AFAB), represented by Administrator Emmanuel D. Pineda and Deputy Administrator for Operations Alewijn Aidan K. Ong, proudly introduced investment opportunities in the Freeport Area of Bataan (FAB) to the Korean business community in an outbound business trade mission to Korea last 7-11 November 2022.

AFAB, together with Bataan Provincial Governor Jose Enrique “Joet” Garcia III, Bataan Public-Private Partnership and Investment Center, and the Central Luzon Growth Corridor Foundation, Inc. (CLGCFI), participated in the said trade mission to conduct various trade and investment promotion activities, representing the province of Bataan and Central Luzon, respectively. The group successfully conducted one-on-one meetings with prospective investment partners during the business forum with the Korea Chamber of Commerce and Industry (KCCI).

The mission hopes to build new investment opportunities for the growth of several industries of strength in the Bataan, particularly Agribusiness, Infrastructure, Tourism, Social Enterprise, and Renewable Energy.

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Administrator Pineda, Deputy Administrator Ong, Governor Garcia, together with the CLGFI delegates visited Incheon Free Economic Zone (IFEZ), Songdo Smart City, and POSCO Engineering & Construction Co., Ltd., in order to benchmark their best practices as a smart and green city for possible replication in Central Luzon.

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The group has also viewed Daedong Corporation’s presentation on Modern Agri Machineries and Utility Vehicles, Electric Bike, and Smart Farms; visited the Global Knowledge Exchange and Development Center and learned how Korea developed its economy, its industries, and its history; they also headed to Lotte Mart, Seoul Station to see Korean products and understand their market preferences, went to KATECH, Daechang Motors and learned about the programs of Korea in developing their automotive industry including the role of the local government; and even participated in the ASEAN Week 2022 (“Ancient Futures: Treasures of ASEAN Fabric”) organized by the ASEAN Korea Center with the participation of the Philippine Embassy.