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International News Apr 16, 2021 SEOUL, South Korea (AP) A South Korean steelmaker on Friday said it plans to end a joint venture with a military-controlled firm in Myanmar following criticism that its business has benefited military leaders who have violently suppressed pro-democracy protests there. POSCO Coated & Color Steel said it has decided to discontinue its partnership with Myanmar Economic Holdings Public Company Limited, which is about 40% owned by Myanmar’s Defense Ministry. However, the South Korean company said it would not pull out of Myanmar. POSCO C&C owns 70% of its joint venture with MEHL, Myanmar POSCO C&C. Min Ji-hyun, an official from POSCO C&C, said the company has informed MEHL it wants to buy the Myanmar firm’s 30% stake so that it can continue operating the venture with full ownership. MEHL has yet to respond to POSCO C&C’s offer, Min said.

South koreaSoult ukpyolsiSouth koreanMyanmar economic corpMyanmar defense ministryKorea national human rights commissionMyanmar economic holdings public companyColor steelMyanmar economic holdings public company limitedMyanmar economicKorean civil societyNational human rights commissionதெற்கு கொரியாதெற்கு கொரியன்மியான்மர் பொருளாதார கார்ப்மியான்மர் பாதுகாப்பு அமைச்சகம்