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Korean company to pour P3.9 B initial investment in FAB

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Korean company to pour P3.9 B initial investment in FAB
  • Butch G.
  • 2 months ago

Korean company Genesis BBQ Group is set to establish business operations in the Freeport Area of Bataan (FAB) starting with P3.9 billion investment. The company is engaged in food chain business, commercial enterprises, hotel operations, and other tourism-related ventures.

Delegates of the company represented by its Chairman and CEO Hong-Geun Yoon and other corporate representatives Allen Yoon, Dan Kim, Kim Sungwoo, Keunhee Lee, Minsoo Lee, and Mikyung Jang recently held 3-day visit to FAB and signed a Memorandum of Understanding with the Authority of the Freeport Area of Bataan (AFAB).

This development is a result of AFAB Administrator and CEO Mohammed Hussein Pangandaman’s investment mission in South Korea in November 2023 and follow-up visit in January 2024.

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