Here’s some great news for the relations between Korea and the Philippines.
The Korean government will actually be helping the Philippines achieve better food security by encouraging investors to develop 110,000 acres of idle land in Isabela, Quirino, Aurora and Misamis Oriental. This will primarily focus on promoting the planting of corn and sugar.
The Philippine Department of Agriculture, Department of Energy and Natural Resources, Department of Trade and Industry, and the Bureau of Investments will be working closely with Korean representatives to create a viable multi-industry cluster program that will maximize the use of the land owned by agrarian reform program grantees. The Korean International Cooperation Agency and the Korean Embassy will be funding the study for the program with an initial capital of P270 million.
This is truly a big step towards forging a stronger partnership between the two countries.
Thanks to liveinthephilippines for the photo.