MANILA, Philippines - In grand ceremonies capped by the presence of South Korean Ambassador Hye-min Lee as principal guest of honor and inducting officer, the Philippines-Korea Economic Council (PHILKOREC) held its members’ Annual General Meeting recently at The E-Hotel Makati. Organized in 1978 under the auspices of the PCCI, the Philippines-Korea Economic Council (PHILKOREC) promotes mutually beneficial business opportunities and enterprise, as well as fellowship, between the Philippines and Korea. Photo shows at the turn-over rites of PHILKOREC Chairman and President inducted by His Excellency Hye-Min Lee (center) are Dr. Elton See Tan, (at left) incoming chairman and president, president and CEO of The E-Hotels Group and Conrad Marty, outgoing chairman and president, vice chairman of the Hyundai Asia Resources Inc.