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If you’re a South Korean business owner looking to invest in a new location, the Philippine government has a great suggestion for you: Central Luzon. This region, located in the northern part of the Philippines, has a lot to offer investors and is quickly becoming one of the leading growth areas in the country.
Recently, a delegation from Central Luzon held an outbound business mission to South Korea to introduce the region as an ideal investment destination. The Bases Conversion and Development Authority (BCDA), the Department of Trade and Industry (DTI), the Authority of the Freeport of Bataan, and local governments from several provinces were all part of the mission.
Central Luzon’s Location and Infrastructure
Tarlac Governor Susan Yap highlighted the region’s central location, which is easily accessible within two to four hours by air from South Korea. She also talked about the expanding infrastructure in the region, which is on its way to becoming a single, contiguous geographic and economic growth corridor providing world-class logistics, infrastructure, and services.
Freeport Zones in Central Luzon
One of the key attractions of Central Luzon for investors is the presence of several freeport zones, including the Clark, Subic, and Bataan Freeport Zones. These zones offer tax breaks and other incentives to businesses, making them a great place to set up shop or expand operations.
New Clark City Development
In addition to these freeport zones, Central Luzon is home to the New Clark City development in Tarlac. This smart, sustainable, green city is being promoted as a significant economic growth driver in the region and is expected to attract a lot of investment in the coming years. BCDA Vice President for Public Affairs Leilani Macasaet even encouraged Korean investors to consider locating in New Clark City or participating in future projects and developments in the area.
Philippines-South Korea Free Trade Agreement
A free trade agreement between the Philippines and South Korea is expected to be signed early next year, which will further improve trade and investment relations between the two countries.
Investment Opportunities in Central Luzon
If you’re interested in taking advantage of this opportunity and investing in Central Luzon, now is the time to start exploring your options. One great way to get involved in the growth of Central Luzon is to invest in a house located near the areas being developed. This will give you a front row seat to the growth and development happening in the region and could be a great investment opportunity. Whether you’re looking to set up a business or just want to be part of this exciting growth, Central Luzon has a lot to offer.
Join the growth in Central Luzon’s corridor
Don’t miss out on this exciting opportunity to be a part of something special in Central Luzon. The region is quickly becoming one of the leading growth areas in the country, thanks to its central location, expanding infrastructure, and the presence of several freeport zones. In addition, the New Clark City development in Tarlac is expected to drive significant economic growth in the region and offers opportunities for Korean investors. With the expected signing of a free trade agreement between the Philippines and South Korea early next year, now is the perfect time to consider investing in Central Luzon. Don’t wait any longer to get involved in this exciting growth and development. Explore your options and take the first step towards a bright future in Central Luzon.
News Source: PH pitches Central Luzon to South Korean firms
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