The Korea Trade-Investment Promotion Agency (KOTRA) has identified a $2 billion three hectare shipyard in the PHIVIDEC Industrial Authority (PIA) property in Misamis Oriental by Hanjin heavy Industries as among the potential Korean investments in the Philippines during the Philippine-Korea Business Partership Forum held in Makati Shangrila Hotel yesterday.

I don’t know if there is a typo error in the article but 3 hectares is a significant downgrade from the 400-hectare site in PHIVIDEC.

Read the article HERE.

Meanwhile, Hanjin’s contract with Phividec is nearing its end. Read the news HERE.

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