The Department of Public Works and Highways (DPWH) signed a memorandum of agreement with Korean firms for the consultancy services of the foreign-assisted Panguil Bay Bridge Project in Northern Mindanao.

Yooshin Engineering Corporation, in joint venture with Pyunhwa Engineering Consultants Ltd., and Kyong-Ho Engineering & Architect Co. Ltd., won the competitive bidding under the Philippine government procurement program to provide consultancy services for the project.