Sweet Anchovies is a delicacy in Korea, Japan and China. In the Philippines, what I can remember is our anchovies, even though they are sweet, they're coated with I believe sugar and flour and deep fried.
The anchovies I used here were imported from Malaysia. I saw it already cooked at the Korean Store near our place. It reminded me of what Japan Airlines serve to their passengers on long trips. I don't have a fixed measurement guides here as I was only experimenting.
2 tbsp of cooking oil
1 100 gms bag of anchovies
2 tbsp of honey
1 tsp of dried chili powder
2 tbsp of vinegared chili paste (or more if you want it spicy hot)
Fry anchovies in oil for about 5 minutes. Set aside. On the same pan, combine honey, chili powder and vinegard chili paste. Bring to a rolling boil. Add the fried anchovies making sure that the anchovies are coated well with the honey mixture.
Enjoy it as a "pulutan" or an appetizer.