BDO Unibank, Inc. (BDO) has opened a representative office in Seoul, South Korea to help facilitate the financial and banking needs of the Korean market eyeing the Philippines as a site for investments and dwelling.

Housed at the Seoul Finance Center right at the heart of Seoul's premier business district, the BDO representative office is manned by Korean nationals who can respond to any BDO-related inquiries and make the appropriate arrangements with the Bank’s Philippine corporate headquarters should interest arises.

Koreans now lead the tourist arrivals in the Philippines and are among the country’s largest investors.

Apart from assisting the banking needs of Koreans who wish to enter the Philippines as an investor or resident, BDO’s interest in the Korean market is also fueled by its objective to expand its overseas network to provide support to the Overseas Filipino Workers (OFWs), provide trade support for import and export clients, and gain access to one of the region’s key capital markets.
“South Korea is one of the priority markets for BDO because of the strong bilateral economic and people-to-people relationships between the two countries,” the Bank said.

In addition to the Korea representative office, BDO also has a Singapore representative office to look after the ASEAN markets and a full-service branch in Hong Kong to service the HK and Chinese markets.

BDO is a full-service universal bank which provides a wide range of corporate, commercial and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, cash management, leasing and finance, remittance, insurance, retail cash cards and credit card services.

Photo caption: Leading the inauguration of the Seoul representative office are, from left, BDO EVP Eduardo V. Francisco, Kyung Ah-Lee of BDO Korean Desk, BDO president Nestor V. Tan, Philippine Ambassador to Korea Raul S. Hernandez, and BDO SEVP Walter C. Wassmer.

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