Philippines, South Korea pledge deeper trade, defense ties at APEC

Philippine President Ferdinand Marcos Jr. and South Korean President Lee Jae Myung met on the sidelines of the APEC Economic Leaders Week in Gyeongju, South Korea, on Friday, reaffirming a strategic partnership and pledging deeper cooperation in trade, defense and regional security. The leaders emphasized historic ties rooted in the Philippines’ military support during the Korean War and discussed ways to expand economic and people-to-people links as both countries pursue closer alignment in technology, renewable energy and defense.

During the bilateral meeting, Lee thanked the Philippines for sending troops in Korea’s time of crisis, saying, "The people of Korea will never forget the contributions and dedication, and sacrifices made by the Philippines." Marcos responded by praising the breadth of bilateral cooperation, from a bilateral free trade agreement to joint security initiatives, and formally invited Lee to visit the Philippines; Lee agreed to try to accept the invitation when his schedule allows.

Marcos used the APEC leaders meeting to press the Philippines as an investment destination, outlining domestic reforms aimed at modernizing infrastructure, accelerating digital...