For several years, a growing number of foreign investors have either moved or established their businesses in the Philippines. The trend was brought about by efforts of the Philippine government to continuously create an investor-friendly climate in the country.
A significant majority of these investors are Koreans who at present are among the top investors in the country.
To be able to cater to the growing population of Korean business in the Philippines, several Korean individuals found the need to establish a proper organization that would best assist the sector. Thus, in February 1994, representative from the different Korean associations in the Philippines agreed to form the Korean Chamber of Commerce Philippines, Inc.