Signing ceremony at IEK Infra Engineering Korea office in Gangnam, Seocho-gu, Seoul, Korea

On September 23, 2024, a significant contract signing took place between IEK Infra Engineering Korea Co. Ltd. and RMR Capital Inc., formalizing their partnership in future infrastructure and construction ventures. The agreement was signed by Mr. Seokjae Kim, CEO of IEK Infra Engineering Korea, and Mr. Reghis M. Romero II, Chairman of RMR Capital Inc. and R-II Builders.

Key Figures Involved:

• Mr. Seokjae Kim, representing IEK Infra Engineering Korea, a company deeply involved in various business ventures both in the Republic of Korea and the Republic of the Philippines. IEK Infra Engineering Korea has a broad network of affiliates, contractors, and suppliers in South Korea, bringing technical expertise in construction and infrastructure projects to the table.
• Mr. Reghis M. Romero II, Chairman of RMR Capital Inc. and R-II Builders, a well-known figure in the Philippine infrastructure and real estate sector. Under his leadership, RMR Capital has undertaken significant construction and development projects, both locally and internationally.

Scope of the Partnership:

The partnership between IEK Infra Engineering Korea and RMR Capital Inc. signifies a collaboration aimed at expanding infrastructure development efforts in both the Philippines and South Korea. With IEK Infra's extensive network of South Korean contractors and suppliers and RMR Capital's experience in large-scale development projects, this collaboration is expected to:

• Facilitate the exchange of technical expertise and innovation in construction methodologies.
• Enhance access to Korean contractors and suppliers for infrastructure projects in the Philippines.
• Strengthen ties between the Philippines and South Korea in the construction and infrastructure industries.

IEK Infra Engineering Korea's Role:

As the service provider, IEK Infra Engineering Korea is a key player in the construction and infrastructure sectors, with a solid reputation for its technical prowess. The company has developed a wide network of affiliates in South Korea, allowing them to tap into highly skilled contractors and suppliers with experience in handling major construction projects. This network is critical for the expansion of infrastructure development across various sectors, including transportation, energy, and industrial projects.

RMR Capital Inc.'s Role:

RMR Capital Inc., under the leadership of Reghis M. Romero II, has been a prominent player in the Philippine real estate and infrastructure industry. With its strategic vision, RMR Capital is poised to leverage this partnership to expand its footprint in the Philippine construction market, as well as explore new opportunities in South Korea through collaborative projects with IEK Infra Engineering Korea.

Signing Ceremony:

The contract signing took place at IEK Infra Engineering Korea’s office, located in Gangnam, Seocho-gu, Seoul, Korea. This event marked a key milestone in the growing business relationship between the two companies, symbolizing their commitment to fostering cross-border collaboration in infrastructure and construction development.

Future Prospects:

This collaboration between IEK Infra Engineering Korea and RMR Capital Inc. is expected to open up opportunities for joint ventures in large-scale projects, particularly in areas such as:

• Infrastructure development: including roads, bridges, and public works.
• Urban development and housing: to address the growing demand for sustainable living spaces.
• Energy and industrial facilities: involving high-tech construction techniques to enhance efficiency and sustainability.

Through this partnership, both companies are well-positioned to lead in the next wave of infrastructure development in the region, combining their strengths to tackle complex projects and deliver innovative solutions for both the Philippine and South Korean markets.