SUBIC BAY

SBMA signs cooperation agreement with Ulsan
Sep 07, 2012

SUBIC BAY FREEPORT - The Subic Bay Metropolitan Authority (SBMA) and the Ulsan Metropolitan Office of Education (UMOE) in South Korea recently signed a memorandum of understanding (MOU) to promote understanding and cooperation between the two institutions.

The UMOE is located in Ulsan Metropolitan City, which is South Korea's seventh largest metropolis and considered as the nation's industrial powerhouse.

The agreement, signed on August 30, primarily aims to develop cooperative projects concerning education, as well as culture, tourism, community welfare and development, human resource development, environmental protection, and science and technology.

SBMA Chairman Roberto V. Garcia said that under the agreement, SBMA and UMOE seek to formulate and undertake projects and activities for their mutual development and to advance their respective areas of interest.

The officials who represented UMOE during the signing were Kim Bok Man, director of curriculum management division; Hong Hung Goo, manager of internal education; Jeong Hwi, person in charge for international cooperation; Kim Sun Ae, chief secretary; and Han Kyu Chung, administrator.

Aside from Garcia, those present for the SBMA side were Raul Marcelo, deputy administrator for business; Maria Asuncion Fernando, head of corporate communications; and Armina Llamas, public relations manager.

In the signing ceremony, Garcia pointed out the "very close relationship" between the Subic Bay Freeport and South Korea.

"They (the Koreans) are our number one investors here, led by Hanjin which has proven to be one of the most successful business locators here in the Philippines," he said.

Garcia added that many Korean nationals have chosen Subic as their place of business, or venue for schooling. "As you know, we have facilities here for different types of business, and we have many English-language schools that are popular to Korean students," he added.

Garcia also recalled that, as an official in Subic, he recently signed an agreement with officials of the city of Daejung to encourage the exchange of information beneficial to both areas.

"So I would like to take this MOU as a sign that, again, we can work closer with the Korean community in attracting foreign investors to come and invest in Subic," he said.

As a sign of their commitment to the agreement, UMOE donated 300 bags of relief goods for victims of the recent floods in communities near the Subic Freeport, as well as a brand new laptop and five used netbooks. (30)

News 2012