Clark Development Corporation (CDC) of the Philippines and the Republic of Korea’s Land and Housing Corporation (LH) have signed a memorandum of understanding (MOU) on development cooperation to build a smart city at the Clark Freeport Zone, DFA said.
Clark Development Corporation of the Philippines and the Republic of Korea’s Land and Housing Corporation have signed a memorandum of understanding on development cooperation to build a smart city at the Clark Freeport Zone, the Department of Foreign Affairs said.In a statement, the DFA said both countries signed the Development Cooperation MOU in Songdo, South Korea, on April 15.
Philippine Ambassador to South Korea Ma. Theresa Dizon-De Vega met with CDC Officials separately to discuss future PH-ROK cooperation projects and investment promotion for the Clark Freeport Zone. The smart city will use artificial intelligence and big data to process real-time information collected through sensors and allow city operators to make quick choices to resolve problems or analyze data for future plans.
The CDC heralded the Smart City MOU as a leap forward in the Philippines’ shift to the 4th Industrial Revolution. It is likewise a testament to the Philippines and the Republic of Korea’s shared ideas on prosperity in the Asia Pacific and our increased economic cooperation.
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