Mindanao agri, ‘economic resilience’ tie in Korean companies

MANILA – Mindanao’s agriculture and financial resilience amid the pandemic are attracting South Korean firms to the area, mentioned Korean Ambassador to the Philippines Kim Incul.

In an announcement despatched by the embassy on Tuesday, Kim mentioned Mindanao’s place as a significant meals producer was among the many high concerns for the Korean enterprise mission that visited the island from April 25 to 27.

“I used to be impressed that so many firms expressed their willingness to take part within the mission, additional proving the non-public sector’s eager curiosity in knocking on Mindanao’s door,” he mentioned on the South Korea-Mindanao Sector Dialogue and business-to-business conferences within the metropolis. from Davao. on April twenty fifth.

The delegation includes high-level officers from the Korea Worldwide Cooperation Company, Export-Import Financial institution of Korea and representatives from KEPCO Philippines, Ok-water, LX Worldwide, POSCO E&C, DL E&C, Hyundai E&C, Lotte Pepsi and FIT Corea. .

The mission was the results of months of coordination between the Mindanao Improvement Authority and the embassy.

“Mindana’s meals and agro-fishing sector has certainly remained the nation’s resilient supply of development, and we’re grateful that this is identical inherent power that introduced the Korean delegation right here,” mentioned MinDA Secretary Maria Belen Acosta.

“We imagine that it’s time for us to additionally set up partnerships in our enterprise sector. That is particularly vital for Mindanao in our efforts to get better from the financial impacts of the pandemic.”

The Korean delegation is anticipated to take part in a sequence of funding promotion occasions in Mindanao later this yr, following a number of invites from native enterprise chambers, the embassy mentioned.

South Korea had been participating the Philippine authorities by its main improvement initiatives in Mindanao, together with Laguindingan Airport, the Korea-Philippines Vocational Coaching Heart in Davao, and the continued building of the Panguil Bay Bridge. (PNA)

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