KOREA BULLETIN
The official publication of the Embassy of the Republic of Korea On February 25, the world witnessed a historic moment in Korea with the inauguration of Her Excellency Park Geun-hye, President of the Republic of Korea, as the first female Korean president. The successful result of our electoral process has once again proven the support of Korea and the Korean people for democratic values and principles. For the first quarter of the year, significant visits were made by Korean officials to the Philippines. Korean dignitaries, headed by Inspector General Yang Kun of the Board of Audit and Inspection of Korea, participated at the 46th Governing Board Meeting of the Asia Organization of Supreme Audit Institutions held on February 17-21 in Manila along with the representatives of 46 member countries. The event, which was attended by President Benigno S. Aquino III himself, ensured the commitment of the Philippines and Korea in promoting excellence, transparency, and professionalism in public auditing. In recent months, we have also witnessed the belligerence and series of provocations from North Korea. While we consider these provocations seriously, the Korean government will remain resolute in maintaining the peace and stability on the Korean Peninsula. I extend my gratitude to the Philippine government and the peace-loving members of the international community for their solidarity. In the aspect of trade and investment, I am delighted by the fact that our partnership continues to show significant growth and rich possibilities. Surpassing the trade volume achieved in 2011, our bilateral trade volume for 2012 exceeded US$11 billion, with Korea’s exports to the Philippines reaching US$8.2 billion and imports reaching US$3.3 billion. Korea is the fifth trading partner and the fourth largest source of foreign investment of the Philippines. With the recent investment grade status of the Philippines, I am optimistic it will further attract and boost the confidence of more Korean investors to invest in the Philippines. Furthermore, our development cooperation remains a considerable component of our partnership. In February, the National Bull Farm and Semen Processing Center in Nueva Ecija was inaugurated. This new facility will augment the competitiveness of the domestic livestock sector and establish cooperative enterprises that will contribute to the improvement of the lives of Filipino farmers in the said province. I believe these developments are tangible results of our close collaboration that we intend to deepen through the years. Lastly, I am hopeful that the vibrant cultural activities initiated at the start of the year will bridge our two peoples and cultures more closely together. I am positive that the Korean Cultural Center and other organizations will provide the Filipinos with more opportunities to learn and understand Korean art and tradition. Maraming salamat po.
April 2013
Ambassador LEE leads Yuldong wreath laying ceremony
Ambassador LEE Hyuk led the wreath laying ceremony in commemoration of the 62nd anniversary of the Battle of Yuldong last April 23 at the Libingan ng mga Bayani in Fort Bonifacio. The Battle of Yuldong was fought during April 22 and 23, 1951 between the 10th Battalion Combat Team (BCT) of the Philippine Expeditionary Forces to Korea (PEFTOK) and the 44th Division of the Chinese People’s Army. “The sacrifices of PEFTOK and the triumph in Yuldong remind us of the price we have to pay to preserve the values we cherish and the democracy we love.” Ambassador LEE said in his message, “The Korean people cannot thank you enough for the contributions you made in making possible a free and prosperous Korea that we are fortunate to live in now.” The ceremony was graced by the presence of Administrator Ernesto Carolina of the Philippine Veterans Affairs Office, Lieutenant General Noel Coballes, Commanding General of the Philippine Army, Colonel Paterno Viloria of the PEFTOK Veterans Association Incorporated, Mr. LEE Jang Il, President of the United Korean Community Association in the Philippines and Mr. UM Ick Ho, President of the Philippine Department of the Korean Veterans Association.
CONTENTS Ambassador LEE leads Yuldong wreath laying ceremony Korea, PHL inaugurates Nueva Ecija livestock facility KOICA, Dong Yang University and Cavite launch Electronic Medical Record System Project Korea Board of Audit and Inspection General Inspector attends auditors’ meet Understanding symbolism in Korean Folk Painting Summer exhibit to highlight Contemporary Art of PHL, Korea PARK Geun-hye: First Woman President Suncheon Bay Garden Expo 2013
KOREA BULLETIN
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