The Korean International Cooperation Agency (KOICA) says the Philippines shows strong potential for growth, comparing its current situation to South Korea’s a few decades ago.

Despite its economic challenges, KOICA’s statement highlights Philippines’ several competitive advantages: its location in the heart of Asia, adequate manpower and a rich supply of natural resources. Also stressed was the need for innovation and a refusal to simply follow trends. Several South Korean companies have become leaders in their fields and have turned that country into one of the world’s most high-tech.

source & article: Positive News Network Philippines