Korean power project comes amid desperate supply gaps
A South Korean company will build a new 40 megawatt power plant in Bago, the company said, becoming the latest foreign firm to answer Myanmar’s desperate call for new power projects. The firm, MCM Power Company, will invest USD 35 million in aState Counsellor Daw Aung San Suu Kyi in Korea for ASEAN Summit
State Counsellor Daw Aung San Suu Kyi, accompanied by a delegation of Union Ministers, Deputy Ministers and other officials, attended the ASEAN-Republic of Korea (ROK) Commemorative Summit in Busan this week to mark the 30th anniversary of diplomatic
Embassy quashes rumors of Korean exodus
The Embassy of the Republic of Korea has officially denied rumors of a mass exodus of Korean businesses from Myanmar. The embassy issued a statement that emphasized South Korea’s commitment to investing in Myanmar. It also claimed that it had not h
Rumors of Korean business pullout false
A rumor that around 100 Korean businesses will leave Myanmar for Bangladesh is false, said U Thant Sin Lwin, Secretary of the Myanmar Investment Commission (MIC). Speaking to the Myanmar Times, U Thant Sin Lwin dismissed recent reports in Bangladesh
ASEAN says RCEP deal will benefit Myanmar
Myanmar will benefit from the ambitious Regional Comprehensive Economic Partnership (RCEP), said ASEAN secretary Lim Jock Hoi. Lim argued that while Myanmar will not actually sign the 16-nation agreement, it would certainly benefit from it indirectl
