Northern Mindanao
In Northern Mindanao, Koreans have come to Cagayan de Oro as ESL students, businesspeople, and missionaries. 2011 MOFAT statistics showed 967 living there. Korean investment group I. F. Koresco opened a 74-room hotel there in 2006, the Hotel Koresco, and the city government asked for their assistance in negotiating with South Korea's POSCO about the possibility of opening a steel plant there as well. In 2008 announced plans to build a casino and hotel complex there, though there was local opposition from community leaders in religious and civic groups over the casino aspect, and in fact the city council had an ordinance prohibiting casino operation. Korean and Turkish investors are also reported to be interested in a power plant project in nearby Iligan City. Misamis Oriental is also making efforts to lure Korean investors to invest in agricultural processing enterprises in the Phidivec Industrial Estate, a special zone under the Philippine Economic Zone Authority.
Read more about this topic: Koreans In The Philippines, Geographical Distribution, Mindanao
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