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President Ferdinand Marcos Jr. announced on Thursday that the various economic zones in the country are open to all foreign investors, including those from South Korea. He highlighted the attractive investment arrangements established by the government for businesses planning to operate in the Philippines.

“We have economic zones where anyone can participate,” President Marcos stated during an interview with Chang Dae-hwan, chairman of South Korea’s Maeyeong Media Group. The President informed Chang that South Korean companies can take advantage of the business and trade opportunities offered by the economic zones in the Philippines.

According to President Marcos, these ecozones offer a common tax code and incentive scheme. “Locator companies within these ecozones don’t need to engage with every single local government unit (LGU),” he added. The President emphasized that the ecozones are accessible to all investors seeking special incentives and tax breaks.

As an example, President Marcos cited the Clark Freeport and Special Economic Zone (CFEZ) in Clark City, Pampanga, where government arrangements for businesses have made it an attractive destination for foreign investments. “They have come in, and I like to think that the reason for that is because we have set up a system that’s attractive for their investment,” he said.

He also mentioned the Luzon Economic Corridor project, which focuses on key infrastructure such as ports, railways, clean energy, and the semiconductor supply chain to connect Subic Bay, Clark, Manila, and Batangas. “This project, according to the President, is attracting investments from several countries and can elevate the Philippines’ global status.”

President Marcos expressed confidence in the success of Philippine special zones and emphasized that the government relies on them to bring more success to the country.