“ I do not know, I hope not.” – Gov. Oca Moreno
“Hanjin kisses Misor project goodbye”
Herbi Gomez and Susan Palmes
The Korean firm Hanjin Heavy Industries and Construction Corp. has decided to withdraw its US$ 2 billion shipyard project from Misamis Oriental due to difficulties in dealing with the government, highly placed sources said yesterday.
A senior Hanjin executive told The Gold Star Daily that the Korean firm started moving out last Saturday. Lawyer Jose Alejandro Pallugna, a columnist of this paper also claimed to have been informed by reliable sources about Hanjin’s decision to back off from Tagoloan and Villanueva towns in Misamis Oriental.
“I do not know, I hope not, “ said Misamis Oriental Gov. Oscar Moreno when this paper asked him about the reported hanjin withdrawal. The last time he checked, Moreno said, Hanjin suspended its operations to assess its Misamis Oriental project. Moreno’s mood had radically changed. Just a few weeks back, the governor was in high spirits because of the Hanjin project that was seen to create 40 thousand jobs in Misamis Oriental. The Misamis Oriental would have been the biggest Hanjin Shipyard outside South Korea and one of the biggest in the world. Moreno said the problem on Hanjin project would be included in the agenda of President here today. Moreno said there were “events” that made things complicated for Hanjin. Sources said a confluence of factors resulted in the Hanjin decision to back off. The bottomline: the locals made it difficult for the Koreans to invest in the province.
















