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South Korean President Yoon Suk Yeol signs the Guest Book upon his arrival as President Ferdinand R. Marcos Jr. and First Lady Liza Araneta-Marcos welcome him at Malacañan Palace on Monday, Oct 7, 2024. Yoon was with his spouse Kim Keon-hee for the two-day state visit. Noel Pabalate, PPA pool

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Katrina Domingo

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1728272762840viber_image_2024-10-07_11-17-43-119.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left"><span id="isPasted" style="white-space:pre-wrap">South Korean President Yoon Suk Yeol signs the Guest Book upon his arrival as President Ferdinand R. Marcos Jr. and First Lady Liza Araneta-Marcos welcome him at Malacañan Palace on Monday, Oct 7, 2024. Yoon was with his spouse Kim Keon-hee for the two-day state visit. <em>Noel Pabalate, PPA pool </em></span></span></span></span></div><p>MANILA — The Philippines and South Korea on Monday said they were working to elevate their ties into a strategic partnership, with Manila noting that the move comes as the &quot;geopolitical environment is only becoming more complex.&quot;</p><p>This diplomatic development &quot;must be as concrete as the foundations from which our bilateral relationships stand,&quot; President Ferdinand Marcos Jr. said during a bilateral meeting with South Korean President Yoon Suk Yeol in Malacañang.</p><p>&quot;As we chart the future direction of our relations, the way forward is clear: it is time for us to elevate the ties between the Philippines and the Republic of Korea to a strategic relationship,&quot; Marcos said.</p><p>&quot;As the geopolitical environment is only becoming more complex, we must work together to achieve prosperity for our peoples and to promote a rules-based order governed by international law, including the 1982 UNCLOS and the binding 2016 Arbitral Award,&quot; he said.</p><div dir="ltr" style="line-height:1.38;margin-top:0pt;margin-bottom:0pt"><span style="vertical-align:baseline;white-space:pre-wrap"><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/d5C8vZajn-Q?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span></span><br/></div><p>Yoon underscored that the Philippines and South Korea have a &quot;special bond forged in blood&quot; as the Southeast Asian country sent the &quot;largest contingent of troops to Korea among Asian nations&quot; during the Korean war.</p><p>&quot;Based on this special bond forged in blood, our two countries have  closely cooperated over the last 75 years,&quot; Yoon said, noting that the &quot;Philippines became the first nation in Southeast Asia to establish diplomatic relations with the Republic of Korea.&quot;</p><p>&quot;Today, we are elevating our relationship to a strategic partnership which will bring our cooperation to a higher level,&quot; the South Korea leader said.</p><p>&quot;I hope that my state visit will serve as an opportunity not only to further enhance our economic cooperation, but also widening the scope of our partnership to include future-oriented sectors such as security, digital technology and energy,&quot; he said.</p><p>During the Korean war, the Philippines sent 5 Battalion Combat Teams (BCTs) with 7,420 personnel, with the first unit landing at the port of Busan in September 1950.</p><p>Of these Filipino personnel, 116 were killed in action, 299 were wounded and 57 were not found, according to data from the Philippine Embassy in Seoul. </p><p>Marcos Jr. thanked Yoon for flying to Manila as the Philippines and South Korea marked the 75th anniversary of their diplomatic relations.</p><p>&quot;It is not an overstatement to describe the beginning of these ties as a storied one,&quot; the Filipino leader said.</p><p>&quot;Our bonds have continued to grow since then. Today, we have a robust partnership in a myriad of fields of cooperation including defense and security, maritime cooperation, trade, development, and people-to-people exchanges. From here, there is nowhere else to go but up,&quot; he said.</p><p>Yoon said he looked forward to &quot;a fruitful discussion on ways to take great strides in our bilateral cooperation.&quot;</p><p>In 2022, South Korea ranked as the Philippines fourth largest trading partners, with bilateral trade pegged at $15.45 billion.</p><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/business/2024/7/8/ph-south-korea-ink-deal-to-expand-travel-between-2-countries-1457">READ: PH, South Korea ink deal to expand travel between 2 countries</a></div><p>Last year, the Philippines and South Korea signed a free trade agreement on the sidelines of the 43rd ASEAN Summit and Related Summits in Jakarta, Indonesia. </p><p>The deal is &quot;expected to remove tariffs on most products from the two countries, opening the door to rapid growth in bilateral trade,&quot; according to information from the Philippine Embassy in Seoul.</p><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/business/2024/9/23/senate-ratifies-ph-south-korea-free-trade-agreement-1919">READ: Senate ratifies PH-South Korea free trade agreement</a></div><div></div>

<p>The Philippines and South Korea on Monday said they were working to elevate their ties into a strategic partnership, with Manila noting that the move comes as the “geopolitical environment is only becoming more complex.”</p>

The Philippines and South Korea on Monday said they were working to elevate their ties into a strategic partnership, with Manila noting that the move comes as the “geopolitical environment is only becoming more complex.”

Marcos tells South Korea’s Yoon: Time to elevate ties to strategic partnership

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Marcos tells South Korea’s Yoon: Time to elevate ties to strategic partnership

Katrina Domingo,

ABS-CBN News

Published Oct 07, 2024 12:02 PM PHT

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Updated Oct 07, 2024 03:13 PM PHT

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Bongbong Marcos

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