Jeju, South Korea—In a landmark move signaling a shared vision for a sustainable and technologically advanced future, the Philippines and South Korea cemented a strategic partnership focused on accelerating trade, driving industrial transformation, and spearheading green energy collaboration.

Held on May 14 in Jeju Island, Department of Trade and Industry (DTI) Secretary Cristina A. Roque signed a memorandum of understanding (MOU) on Trade, Economic, and Energy Cooperation with South Korea’s Trade, Industry and Energy Minister Cheong In-kyo.

“This MOU is the embodiment of President Ferdinand R. Marcos Jr.’s mission to build a nation propelled by strategic global partnerships, environmentally responsible development, and a dynamic industrial sector,” Department of Trade and Industry Secretary Cristina A. Roque underscored.

Signed by Secretary Roque and South Korean Minister for Trade, Industry, and Energy Cheong In-kyo, the MOU outlines joint initiatives in key areas. These include renewable energy, electric vehicles, and the value-added processing of critical minerals for battery production. This collaboration is expected to advance both countries at the forefront of the green industrial revolution.

“This is a bold declaration of our collective goal of shaping a future-ready, innovation-driven economy anchored on robust global partnerships and equitable growth for all our citizens,” the trade chief added.

Building upon the momentum of the Philippines-South Korea bilateral free trade agreement that took effect last year, this MOU is a significant leap forward in their economic vision. Both sides will now continue to work on concrete initiatives on trade, industrial technology, and energy resource development.

As the Philippines prepares to assume the ASEAN Chairship in 2026, this partnership positions the Philippines as a regional driver of cooperation and strategic linkages, bridging Southeast Asia’s priorities with global economic trends.