THE Department of Energy (DoE) and a South Korean company are mulling over building a 100-megawatt (MW) nuclear reactor in the Philippines, the department said on Wednesday. A nuclear reactor houses and controls sustained nuclear chain reactions. These companies signified their interest to invest during the Philippines-Korea Business Forum and Luncheon, hosted by the South Korean business community for President Rodrigo Duterte in Seoul. President Rodrigo Duterte returned to the country on Tuesday with nearly $5 billion worth of investment pledges from South Korean businessmen that could translate to 50,000 jobs in the country. The President said he hoped the new investments “would be realized as actual investments and maximized to their full extent.”

Source: Manila Times June 06, 2018 16:18 UTC