Seoul to build ‘K-smart city’ in Clark Freeport Zone

By Joyce Ann L. Rocamora | Philippine News Agency

MANILA – A smart city built by the Korea Land & Housing Corporation (LH) will soon rise in the Clark Freeport Zone, the Department of Foreign Affairs (DFA) said Friday, April 22.

The government-owned Clark Development Corporation (CDC) and LH have already inked a smart city memorandum of understanding (MOU) on April 15 at Songdo International Business District in Incheon province, some 30 kilometers southwest of Seoul.

The MOU states that LH will build a smart city that will be linked to the Clark International Airport, which will also become a logistics hub with infrastructure for tourism, recreation, and aviation maintenance.

The DFA said the future smart city will use artificial intelligence and big data to process real-time information collected through sensors and allow city operators to analyze data for future plans.

“The Smart City MOU is a leap forward in the Philippines’ shift to the 4th Industrial Revolution and a testament to the Philippines and Korea’s shared ideas on prosperity in the Asia Pacific and our increased economic cooperation,” the DFA said in a statement.

CDC president Manuel Gaerlan led the Philippine delegation at the signing ceremony which was witnessed by Philippine Embassy Economic Officer and Third Secretary Reisha Olavario and Commercial Counselor Jose Ma. Dinsay.

Philippine Ambassador to South Korea, Ma. Theresa de Vega, also met with CDC officials separately to discuss future Manila-Seoul cooperation projects and investment promotion for the Clark Freeport Zone.

Gaerlan said he looks forward to technology sharing through the MOU, especially the Korea communications network which will be used by LH Urban Development for the K-Smart City Development.

A smart city is characterized by the use of predominantly information and communication technologies. (PNA) – gb

Popular

COA witness: No proof OVP reward payouts yielded results

By Wilnard Bacelonia | Philippine News Agency The Office of the Vice President (OVP) failed to submit documents showing that the government benefited from confidential...

BIR expands list of VAT-exempt medicines to 2.2K

By Brian Campued The Bureau of Internal Revenue (BIR) has increased the number of medicines exempted from value-added tax (VAT) in support of President Ferdinand...

Gov’t sustains efforts to ensure price stability as July inflation eases to 6.2%

By Dean Aubrey Caratiquet Consistent with President Ferdinand R. Marcos Jr.’s directive to ease the burden on Filipinos, agencies under the UPLIFT Committee strive to...

Wamil flags P375-M unsupported, unallowed OVP confidential expenses

By Jose Cielito Reganit | Philippine News Agency A Commission on Audit (COA) state auditor testified Tuesday that the Office of the Vice President (OVP),...