Tag: Department of Foreign Affairs


  • Clarification on South Korea’s Infrastructure Loan to the Philippines

    Clarification on South Korea’s Infrastructure Loan to the Philippines

    Introduction The Department of Foreign Affairs (DFA) of the Philippines is seeking clarification from South Korea regarding a significant infrastructure loan project worth 700 billion won, approximately P28 billion. This initiative was put on hold by President Lee Jae-Myung amidst ongoing concerns about its implications. Details of the Loan Agreement The infrastructure loan was originally…