SGV launches Doing Business in the Philippines in Korean

SGV launched the Korean translation of its Doing Business in the Philippines brochure last 25 March, at the Washington SyCip Development Center. Officials from Philippine government, the Korean embassy, the Philippine Korean Economic Council, the Korean Chamber of Commerce Philippines, as well as top executives from Korean companies in the Philippines attended the event.

SGV Chairman and Managing Partner Vic Noel welcomed everyone by giving a brief history on the Doing Business brochure and detailing the long-standing friendship between Korea and the Philippines. The President of the Korean Chamber of Commerce Philippines, Inc., Edward Eun-Gap Chang mentioned that with Korea as the one of the top foreign investors in the Philippines, the timely translation of Doing Business will help amplify Korean investment in the Philippines.

Ambassador of the Republic of Korea to the Philippines Hyuk Lee said that the translation promises to be a useful tool for Korean investors because it answers the two main questions that all investors are asking: why should foreign investors invest in the Philippines, and how they can do it. Ambassador Lee commended SGV for the translation, as it truly lives up to the EY global tagline of Building a better working world.

Philippine Economic Zone Authority Director General Lilia de Lima thanked SGV for being one of the staunchest supporters of foreign investment in the Philippines. She noted that the publication will help overcome the language barrier and assist future investors to better understand doing business in the country. SGV Founder Washington SyCip also spoke about his experiences and long-standing friendship with Korean business leaders.

This is the second edition of the Korean translation of Doing business in the Philippines, with the first edition published in 2010. SGV has been publishing the Doing Business in the Philippines publication since 1968.