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Employment News

South Korean Firm Needs 3,500 Employees


Date Posted: Jul 8, 2010

South Korean firm Phoenix Semiconductors Philippines Corp., is set to open its first facility in the country which will give thousands of job openings for Filipinos.

 

According to Clark Development Corp. (CDC) president Benigno N. Ricafort, the South Korean firm invested $135 million for their new plant in Clark, Pampanga that will guarantee about 3,500 jobs once it starts commercial operations early next year.

 

Ricafort added that construction of the new plant has now started. 

 

The South Korean firm that specializes in packaging and testing of semi-conductors

 

The company specializes in packaging and testing of semiconductors. Together with its mother-company STS-SEMI CO. KR, they are now building foundations in the Philippines to become a total solutions provider in the industry by infusing endless innovation and investment.

 

Meanwhile, investments in Clark reached $70 million for the first five months of this year, up 11 percent from a year ago level.

 

Ricafort said the $70 million is only from two big investors namely Chinese firm HLD Pipes and Taiwanese company Multi Tech.

 

“We are now focusing on large investments because we have very limited areas for development in Clark. We want big scale investors to enter the Freeport,” Ricafort said.

 

Exports from the Clark Freeport Zone for the first five months have already reached $480 million. Ricarfort said they would like to again hit the $1-billion mark by the end of this year. Last year, exporters earned more than $900 million.

 

 

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