MANILA – A smart city built by the Korea Land & Housing Corporation (LH) will soon rise in the Clark Free Zone, the Foreign Ministry (FDFA) announced on Friday.
Government-owned Clark Development Corporation (CDC) and LH already signed a smart city memorandum of understanding on April 15 in the international business district of Songdo in Incheon province, about 30 kilometers southwest of Seoul.
The memorandum of understanding stipulates that LH will build a smart city that will be connected to 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 by sensors and allow city operators to analyze the data for future plans.
“The Smart City Memorandum of Understanding is a leap forward in the Philippines’ transition to the 4th Industrial Revolution and a testament to the shared ideas of the Philippines and Korea on Asia-Pacific prosperity and our increased economic cooperation,” the DFA said in a statement.
CDC Chairman Manuel Gaerlan led the Philippine delegation at the signing ceremony, which was attended by Philippine Embassy Chief Economics Officer and Third Secretary Reisha Olavario and Trade 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 Free Zone.
Gaerlan said he looked forward to sharing technologies through the MoU, especially the Korean communication network that will be used by LH Urban Development for the development of K-Smart City.
A smart city is characterized by the predominant use of information and communication technologies. (NAP)