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[Feature] S. Korean banks' Myanmar ambitions dashed by rising political unrest

[Feature] S. Korean banks' Myanmar ambitions dashed by rising political unrest
theinvestor.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theinvestor.co.kr Daily Mail and Mail on Sunday newspapers.

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Sanctions Threat Already Having Chilling Effect on Business Activity in Myanmar

Sanctions Threat Already Having Chilling Effect on Business Activity in Myanmar
Sanctions Threat Already Having Chilling Effect on Business Activity in Myanmar
Military trucks and armored personnel carriers are seen in Mandalay, the commercial hub of central Myanmar, on Feb. 3. / Zaw Zaw / The Irrawaddy
6.3k
By Nan Lwin 3 February 2021
YANGON Many firms, especially foreign-owned businesses, in Myanmar have reacted with shock to Monday’s military coup and declaration of a yearlong state of emergency, which has put billions of dollars’ worth of foreign investment at risk due to possible sanctions from Western countries. Some foreign firms have already put investment commitments on hold. ....

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KT partners with LH for overseas internet data center projects

KT partners with LH for overseas internet data center projects
Posted : 2021-02-01 15:44
Updated : 2021-02-01 21:48
KT s head of global business Moon Sung-wook, left, poses with his counterpart at the Korea Land & Housing Corporation (LH), Lee Yong-sam, after the two companies signed an agreement to work together to build KT internet data centers overseas markets. / Courtesy of KT
By Kim Bo-eun
KT has partnered with the Korea Land & Housing Corporation (LH) to build overseas internet data centers, the telecom firm said Monday, with the two firms signing a non-binding memorandum of understanding (MOU) the same day.
The company is seeking to set up the data centers in industrial centers and smart cities, based on its expertise in that segment. KT currently operates 13 data centers in Korea, including Seoul s largest hyper-scale data center in Yongsan, which opened in November. ....

Soult Ukpyolsi , South Korea , Cholla Namdo , Kim Bo Eun , Lee Yong Sam , Korea Land Housing Corporation , Moon Sung Wook , Korea Land , Housing Corporation , Korean New Deal , Korea Myanmar Industrial Complex , தெற்கு கொரியா , கிம் போ ஏன் , லீ யோங் சாம் , கொரியா நில வீட்டுவசதி நிறுவனம் , நிலா பாடியது விழித்தேன் , கொரியா நில , வீட்டுவசதி நிறுவனம் , கொரியன் புதியது ஒப்பந்தம் , கொரியா மியான்மர் தொழில்துறை சிக்கலான ,

Myanmar to Start Joint Projects With Three Asian Countries

Myanmar to Start Joint Projects With Three Asian Countries
An artist’s rendering of housing and residential structures within the KMIC project. / KMIC
5.6k
By Nan Lwin 21 December 2020
YANGON Amid efforts to secure foreign investment to mitigate the impact of the COVID-19 pandemic on Myanmar’s economy, the government expects implementation of three major infrastructure projects planned for Yangon Region with the participation of South Korea, Singapore and Thailand to begin soon.
Speaking at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) on Sunday, U Thaung Tun, who heads the Union Ministry of Investment and Foreign Economic Relations (MIFER), said that while the global economy has faced many challenges due to the COVID-19 pandemic, Myanmar’s agriculture, electricity and industrial sectors have potential to attract investment from both domestic and foreign investors. ....

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