Is KORES Lafayette's awaited Korean savior?

Is the cat out of the bag? The DENR's bag, to be precise. Is KORES Lafayette's awaited Korean savior? Together with LG Co International Ltd (another S. Korean company), the South Korean government's resources investment arm KORES currently hold 26 per cent of Lafayette Philippines Inc. Apparently, they are now planning to stake a much bigger share in the Rapu-Rapu mine.

See the picture below and gape at the utter callousness of it all. Just when you think you would, at least, be accorded some respite after the ZTE-NBN scam with China. Now comes Atienza, top Philippine mining salesman, a.k.a. DENR Secretary, selling Rapu-Rapu to the Koreans.

Will this government's greed and debauchery never cease?


KOREAN INVESTMENT
Publishing date: Saturday, Feb. 02, 2008 (12:00 AM)
http://www.denr.gov.ph/article/articleview/4679

Environment and Natural Resources Secretary Lito Atienza (left) expresses support to Korean Ambassador Jong-Ki Hong (center) on possible investments of the Korea Resources Corp. (KORES), a government-owned corporation, in the Rapu-rapu mining project of Lafayette. Ambassador Jong-Ki Hong, together with KORES chief executive officer Han-Ho Lee (left), other KORES officials and LG vice-president Yong-bong Ha (not in photo), called on Atienza at the DENR office in Quezon City. Photo shows CEO Han-Ho Lee handing Sec. Atienza a replica of their national treasure as a memento of the meeting.