Korean urban devt expansion market in Phl getting boost

BAGUIO CITY (January 27, 2025)— The National Agency for Administrative City Construction (NAACC) is leveraging its expertise in the Administrative City Sejong development and international networks to support Korean companies entering the Philippine urban development market. 



The NAACC recently announced the formation of "Team Korea to the Philippines," a consortium consisting of 23 public institutions and private companies, alongside its official launch ceremony.

Since signing an MOU with the Bases Conversion and Development Authority (BCDA) in September last year, the NAACC has been promoting collaboration on urban development initiatives. The BCDA oversees major urban development projects, including New Clark City and has expressed strong interest in attracting Korean companies to participate in building urban infrastructure and developing smart cities. In response, the NAACC launched "Team Korea to the Philippines" to connect BCDA with Korean firms interested in entering the Philippine market, providing opportunities for project bids and collaborative ventures.

The launch ceremony for Team Korea to the Philippines on January 23, 2025 was attended by various entities responsible for operational support and sectional coordination, including the Korea Overseas Infrastructure and Urban Development Corporation (KIND), International Contractors Association of Korea, and Smart City Association which will serve as a key partner in managing and organizing the consortium. Key participants included representatives from public institutions specializing in overseas infrastructure development and private firms with expertise in construction, smart city technology, and urban planning.

BCDA sent a congratulatory video message to celebrate the launch of Team Korea to the Philippines, highlighting its enthusiasm for continued collaboration with Korean partners in urban development projects.

The NAACC accordingly plans to hold regular meetings with BCDA and participating companies to explore detailed collaborative projects and secure tangible outcomes, including contract awards and joint urban development initiatives. Through these efforts, the NAACC aims to enhance Korea’s presence in the global urban development arena while fostering mutually beneficial relationships with international partners like the BCDA.

With the establishment of Team Korea to the Philippines, the NAACC reaffirms its commitment to promoting Korea’s advanced urban development expertise and technology on a global scale.