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A South Korean businessman was shot dead by unknown gunmen as he left a hotel north of Manila, local police said Monday.

One of two suspects called out the victim's name, Kang Ha-Young, shortly before the attack at the Clark economic zone late Saturday, said Angeles city police official Senior Superintendent Danilo Bautista.

The gunmen arrived and left by motorcycle, he told Agence France-Presse, adding that no arrests had been made.

Kang was with another person, who was unhurt, Bautista said.

Police are looking into the motive behind the attack, including the possible involvement of South Korean rivals.

"We have had cases involving these people (South Koreans) targeting each other," Bautista said without elaborating.

South Korea's official Yonhap news agency said Kang was a 50-year-old real estate agent based in the northern Philippine city, home to the former US air force base of Clark.

Kang was known to have invested a large sum of money in a major land deal in the region and was usually accompanied by bodyguards because of security fears, an unnamed South Korean foreign ministry official said.

Bautista said he could not immediately confirm the details given by Yonhap.


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