SKorea's POSCO C&C says to end Myanmar military-backed joint

SKorea's POSCO C&C says to end Myanmar military-backed joint venture


SKorea's POSCO C&C says to end Myanmar military-backed joint venture
The logo of POSCO is seen at the company's headquarters in Seoul. Reuters file photo
Reuters, Seoul
Reuters, Seoul
POSCO Coated & Color Steel Co Ltd (POSCO C&C) said on Friday it will end its joint venture with Myanmar Economic Holdings Public Co Ltd (MEHL), a firm controlled by the military in Myanmar which took control of the country in February.
The South Korean firm did not detail how it will end the venture, saying in a statement that it will continue to disclose related issues. A POSCO C&C spokesman told Reuters that, though the firm is ending the venture relationship, it is not pulling out Myanmar.

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