Friday, April 19, 2024

Photo | South Korean e-car manufacturer to put up plant in PH

Phillips Holdings Co. Limited, a South Korean electric car manufacturer, said it plans to expand its operations to the Philippines.

Phillips Electric Car chairman Bang Seung Ho (rightmost) and DTI secretary Ramon M. Lopez (2nd from left) signed the letter of intent in the presence of Pres. Rodrigo Duterte and Phillips Electric Car president Enoch Han

The expansion is set to bring 10,000 jobs and $10 million in investments, according to the Department of Trade and Industry. This is among the 22 business agreements signed during Duterte?s visit to South Korea on June 3 to 5, 2018.


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