00:00 Finance Secretary Benjamin Diokno, Korean Ambassador to the Philippines Lee Sang-hwa and South Korean companies
00:08 and the South Korean companies are also involved in the first-ever Korea-Philippines Ease of Doing Business Forum,
00:12 which includes discussions on the implementation of fiscal relief, customs clearance and licensing between the two countries.
00:19 Diokno has also signed amendments to the Retail Trade Liberalization Act, Foreign Investments Act and Public Service Act
00:27 in support of local and foreign investors.
00:30 The Korean investors were also given a secret tax incentive
00:36 under the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act
00:41 for projects that will not reduce investment capital to Php 50 billion.
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