PNG Business News

2nd Floor, Suite 6,

Corinthian Plaza Building,

Paseo De Roxas, Legaspi Village,

Makati, Philippines

Phone: +632 251 5599

Subscribe to Our Newsletter

  • White Facebook Icon

© PNG Business News

  • PNG Business News

Korean company looks at investing in Madang



A South Korean company is in Madang unveiled plans for investment in mining and construction and infrastructure business ventures in the region.


PPM Inc. which operates in Makati and Batangas, Philippines has an extensive project history also in Vietnam, Singapore and Korea and now they are eyeing to set up in Madang.


At present, officials from PPM Inc. – chief executive officer Sang Ho Lee and general manager Sung Min (Michael) Hong – are discussing the planned investments with Madang Governor Peter Yama and also witness the welcoming of ‘Second Chance’ Students. “We have seen the students being trained in Batangas. “And we’re impressed by their performances".


“These students are determined to work and they are strong, smart, diligent and honest. “And we definitely have plans to generate many jobs for these students and help them for further development in technical aspects to build up potential leaders in the future,” PPM Inc.’s CEO Ho Lee said.


“We have arranged a joint business with CJI International and we are glad to be here in PNG operating and would like to help Madang, as we see so much improvement that can be done here. “Together with Governor Peter Yama’s support, we will transform Madang into one of the best provinces and help achieve governor’s goals for Papua New Guinea and also at the same time we will be putting our efforts to build a diplomatic relationship between states Busan and Madang.”


He said they have invited Governor Yama to Korea for a memorandum of understanding signing for investments in the province.


They are looking forward for employing the students whom recently graduated at Hinch Technology and School for Business “second chance students” for working with their company in operation in Madang or abroad.

Continue reading at https://postcourier.com.pg/korean-company-looks-investing-madang/ | Post Courier