Coast Reporter
The Canadian Press
April 16' 2021
SEOUL, Korea, Republic Of — 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-dem
SEOUL, Korea, Republic Of — 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 Defence Ministry. However, the South Korean company said it would not pull out of Myanmar.