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South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture: Sources Toggle share menu
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South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture: Sources
The logo of POSCO is seen at the company s headquarters in Seoul, South Korea, Jul 20, 2016. (Photo: Reuters/Kim Hong-ji)
05 Apr 2021 04:20PM (Updated:
05 Apr 2021 05:06PM) Share this content
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SEOUL: Giant South Korea steelmaker POSCO has begun reviewing how it might end a joint venture with a firm controlled by the military in Myanmar in the wake of the coup there in February, two people with first-hand knowledge of the matter told Reuters.
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Reacting to bloody coup, US suspends trade deal with Myanmar Anti-coup protesters extinguish fires during a protest in Thaketa township Yangon, Myanmar, Saturday, March 27, 2021. (Source: AP) By Associated Press | March 29, 2021 at 12:33 PM EDT - Updated April 1 at 4:46 PM
WASHINGTON (AP) The United States on Monday suspended a trade deal with Myanmar until a democratic government is brought back to the Southeast Asian country after a bloody Feb. 1 coup.
The military overthrew the elected government, jailed Aung San Suu Kyi and other civilian leaders and killed and imprisoned protesters in the country also known as Burma.
“The United States supports the people of Burma in their efforts to restore a democratically elected government,’ U.S. Trade Representative Katherine Tai said in a statement. “The United States strongly condemns the Burmese security forces’ brutal violence against civilians. The killing of peaceful protestors, students, workers, labor leaders,