PH, South Korea ink 5-year tourism cooperation deal

The Philippines and South Korea have renewed their tourism cooperation program by signing an implementation agreement for 2024-2029.

Department of Tourism Secretary Christina Frasco and South Korea's Minister of Culture, Sports and Tourism Yu In-chon signed the agreement at Malacañang Palace, with Presidents Ferdinand R. Marcos Jr. and Yoon Suk-yeol as witnesses.

This renewed cooperation builds upon a previous MOU signed in 2006 and aims to enhance tourism relations and people-to-people exchanges.

The agreement emphasizes sustainability, green technology, and the development of emerging tourism destinations.

Both countries will also focus on joint promotional efforts and strengthening tourism safety through coordinated mechanisms.

Secretary Frasco anticipates this program will boost demand for Philippine destinations from South Korea, its top source market, leading to economic growth.