DAVAO CITY, Dec. 18 -- The Mindanao Development Authority sealed five strategic memoranda of understanding with leading South Korean companies during a recent business forum in the East Asian state.

MinDA Secretary Leo Tereso Magno said Thursday the agreements aim to accelerate renewable energy adoption and bolster Mindanao's energy security while creating opportunities across diverse sectors.

The MOUs cover traffic and safety solutions, water treatment and disaster prevention technologies, environmental consulting, solar power generation, and nickel processing and industrial development.

"President Ferdinand (R.) Marcos Jr. has given us clear instructions in government: to provide assistance to all interested investors, not to give th...