Samsung considers factory in Philippines

SEOUL, June 21 (UPI) -- South Korea-based technology giant Samsung Electronics is considering building a manufacturing facility in the Philippines, officials said.

"As far as I know, Samsung Electronics and the Philippine government are talking about the plan. However, some technical issues still remain before a final decision," a source at Samsung told The Korea Times.

The source said the company would "announce via a regulatory filing if any concrete decision comes out," the newspaper reported.

Philippine government officials have been talking with Samsung about constructing a plant to make integrated circuitry for chips in the Clark Special Economic Zone north of Manila in the Philippines, the report said.

The Samsung source said the company has "strong interest" in building a plant in the Philippines, but reports have been "a bit exaggerated."