{"id":109801,"date":"2026-03-03T14:39:09","date_gmt":"2026-03-03T17:39:09","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/897253890"},"modified":"2026-03-03T14:39:09","modified_gmt":"2026-03-03T17:39:09","slug":"south-korea-philippines-to-deepen-ties-in-defence-shipbuilding","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/03\/south-korea-philippines-to-deepen-ties-in-defence-shipbuilding\/","title":{"rendered":"South Korea, Philippines to deepen ties in defence, shipbuilding"},"content":{"rendered":"<div><img data-opt-id=758893364  fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i3.wp.com\/cassette.sphdigital.com.sg\/image\/businesstimes\/54a517150ffe0923b0cfb624f862225654f25726835d144ff79c90a33e487d33?w=1200&f=webp&ssl=1\" class=\"ff-og-image-inserted\"><\/div>\n<div>\n<p><span data-testid=\"article-published-time\">Published <!-- -->Tue, Mar 3, 2026 \u00b7 10:17 PM<\/span><\/p>\n<\/div>\n<div data-testid=\"article-body-container\">\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[MANILA] South Korea and the Philippines agreed to work together on defence and shipbuilding industries, as the strategic partners deepen ties amid regional tensions and conflict in the Middle East.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">\u201cOur two countries have agreed to further strengthen cooperation in strategic industry sectors, such as infrastructure and defense industry,\u201d visiting South Korean President Lee Jae Myung said on Tuesday (Mar 3) after meeting with Philippine President Ferdinand Marcos Jr in Manila.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The two leaders also agreed to expand cooperation in new areas of growth, such as shipbuilding, nuclear power, supply chain and artificial intelligence, Lee said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">South Korea is a major trading partner for the Philippines and the two nations have bolstered their bilateral relations in recent years. They signed a free trade agreement in 2023 and elevated their ties to a strategic partnership the following year.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">South Korea has also backed the Philippine military\u2019s modernisation, with contracts covering frigates and fighter jets as Manila prioritises external defence amid a territorial dispute with Beijing over the South China Sea. Last year, HD Hyundai Heavy Industries started shipbuilding operations in the Philippines\u2019 Subic Bay.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Marcos said he and Lee discussed regional and international issues such as the South China Sea and the Korean Peninsula. \u201cWe both recognise the growing uncertainty in geopolitical developments,\u201d Marcos said.<\/p>\n<div data-component=\"component-container\" class=\"container px-0 no-print\">\n<div data-testid=\"article-inside-btg-newsletter-component\" class=\"track-impression rounded-lg border border-gray-175 bg-white px-6 py-8 text-center shadow-[0px_4px_32px_0px_rgba(0,0,0,0.05)] no-print mb-6 lg:-mx-8\" data-section-name=\"newsletter\" data-section-label=\"decoding asia 1\">\n<div class=\"mb-6 flex items-center justify-center gap-2 font-poppins text-xs font-medium leading-normal tracking-8% text-verticals-btblue\"><span class=\"border-l border-verticals-btblue pl-2\">DECODING ASIA<\/span><\/div>\n<h3 class=\"mb-2 font-lct text-7xl font-normal leading-snug -tracking-2%\">Navigate Asia in<br \/>a new global order<\/h3>\n<p class=\"font-lct text-lg font-normal leading-snug -tracking-2%\">Get the insights delivered to your inbox.<\/p>\n<\/div>\n<\/div>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The two leaders also talked about the situation in the Middle East. \u201cWe hope that peace and stability in the Middle East may be restored at an early date,\u201d Lee said.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The US-Israeli war on Iran reverberated across the Middle East and global markets on Tuesday, as oil and gas prices surged and Teheran vowed to close the Strait of Hormuz, a vital shipping lane. BLOOMBERG<\/p>\n<div data-testid=\"article-btg-newsletter-component\" data-section-name=\"newsletter\" data-section-label=\"decoding asia 2\" class=\"track-impression border-t border-gray-175 py-3\">\n<div>\n<p class=\"font-lucida text-xl font-medium italic leading-normal -tracking-5% text-gray-850\">Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span class=\"inline border-none p-0 font-lucida text-inherit text-xl font-medium italic leading-normal !-tracking-5% text-verticals-btblue !underline outline-none\">Sign up here to get Decoding Asia newsletter.<\/span> Delivered to your inbox. Free.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\"> <\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\"> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230; together on defence and <span class=\"match\">shipbuilding<\/span> industries, as the strategic &#8230; of growth, such as <span class=\"match\">shipbuilding<\/span>, nuclear power, supply &#8230; Hyundai Heavy Industries started <span class=\"match\">shipbuilding<\/span> operations in the Philippines\u00e2\u0080\u0099 &#8230; of Hormuz, a vital <span class=\"match\">shipping<\/span> lane. BLOOMBERG Decoding Asia &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-109801","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/109801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=109801"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/109801\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=109801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=109801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=109801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}