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SKorean steelmaker to end venture with Myanmar military

SKorean steelmaker to end venture with Myanmar military by The Associated Press Last Updated Apr 15, 2021 at 11:58 pm EDT SEOUL, Korea, Republic Of A South Korean steelmaker said Friday it’s ending 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 in the country. POSCO Coated & Color Steel said it will discontinue its joint venture with Myanmar Economic Holdings Public Company. The statement did not specify when and how it will end Myanmar POSCO C&C. POSCO C&C, an affiliate of South Korean steel giant POSCO that manufactures steel sheets, said it is not pulling out from Myanmar entirely, saying that its hopes its steel business will “continue to contribute in improving living environments in Myanmar and facilitate the country’s economy.”

South koreaSoult ukpyolsiSouth koreanAssociated pressMyanmar economic holdings public companyColor steelMyanmar economic holdings publicதெற்கு கொரியாதெற்கு கொரியன்தொடர்புடையது ப்ரெஸ்மியான்மர் பொருளாதார ஹோல்டிங்ஸ் பொது நிறுவனம்நிறம் எஃகு

South Korean steelmaker to end partnership with Myanmar military

South Korean steelmaker to end partnership with Myanmar military Toggle share menu Advertisement South Korean steelmaker to end partnership with Myanmar military South Korean peace activists on the ladders stage a rally supporting Myanmar s democracy, outside the POSCO office in Seoul, on Feb 22, 2021. (Photo: AP Images) 16 Apr 2021 01:36PM (Updated: 16 Apr 2021 01:37PM) Share this content Bookmark SEOUL: A South Korean steelmaker on Friday (Apr 16) 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 per cent owned by Myanmar’s Defense Ministry.

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

SKorean steelmaker to end partnership with Myanmar military | News, Sports, Jobs

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

SKorean steelmaker to end venture with Myanmar military - Medicine Hat NewsMedicine Hat News

SKorean steelmaker to end venture with Myanmar military - Medicine Hat NewsMedicine Hat News
medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.

South koreaSoult ukpyolsiSouth koreanMyanmar economic holdings public companyThe associated pressColor steelMyanmar economic holdings publicதெற்கு கொரியாதெற்கு கொரியன்மியான்மர் பொருளாதார ஹோல்டிங்ஸ் பொது நிறுவனம்தி தொடர்புடையது ப்ரெஸ்நிறம் எஃகு

SKorean steelmaker to end partnership with Myanmar military - Medicine Hat NewsMedicine Hat News

SKorean steelmaker to end partnership with Myanmar military - Medicine Hat NewsMedicine Hat News
medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.

South koreaSoult ukpyolsiSouth koreanAhn young joonMyanmar economic corpKorea national human rights commissionMyanmar defence ministryMyanmar economic holdings public companyKim tong hyungAssociated pressColor steelMyanmar economic holdings public company limitedMyanmar economicKorean civil societyNational human rights commissionதெற்கு கொரியா