Megaworld partners with Korean firm for McKinley

Property giant Megaworld Corporation, the country’s top residential and business process outsourcing (BPO) condominiums developer, has announced its partnership with a Korean firm for selected projects, including its McKinley Hill township project in Fort Bonifacio.

Under the memorandum of agreement signed by Megaworld chairman and president Andrew Tan and DaeMyung Consulting & Realty Corp. chairman Doo Hee Lee last Sept. 28, DaeMyung will be authorized to sell Megaworld’s prime condominium units at McKinley Hill Garden Villas, McKinley Hill Tuscany Private Estate, and Stamford Executive Residences. Other projects it is accredited to sell are Manhattan Garden City in Araneta Center, Greenbelt Chancellor and Greenbelt Excelsior in Makati City, and Eastwood LeGrand in Eastwood City.

“Among all the potential Korean partners who have approached us, we chose Mr. Lee’s DaeMyung Consulting because of his reputation, extensive ties with his countrymen and efforts to sustain the development of Korean businesses here in the Philippines. Seen in conjunction with the move of the Korean Embassy to and the setting up of the Korean International School in McKinley Hill, this partnership is expected to push more Korean investments in the country,” Megaworld FVP Noli Hernandez proudly remarked.

As a long-time resident and businessman in the Philippines for more than 15 years now, Lee sees the strong potential of Megaworld and the company’s many projects in and around Metro Manila. He was instrumental in the purchase of a 3,000-square-meter lot within McKinley Hill for the Korean International School. He also serves as President of the Korean Business Association in the Philippines, VP of the Korean Chamber of Commerce Philippines, and President of Hyundai EDSA.