South Korea – based POSCO Group is now in talks to make USD $ 900 million worth two new investment projects in Myanmar

14 Jan 2021
South Korea – based POSCO Group is now in talks to make USD $ 900 million worth two new investment projects in Myanmar

South Korea-based POSCO Group is in talks to make two investments, which total around $900 million, in Myanmar, according to Myanmar Embassy in Seoul.

U Thant Sin, Myanmar Ambassador to the Korea Republic, on January 11 met Mr. Kyoung-Ho “Michael” Park, General Manager of Energy & Infrastructure Group (Power & Infrastructure Business Division) under POSCO International, who is assigned to work in Myanmar and will come to Myanmar soon.

In the meeting, they discussed POSCO International’s two new investment projects: $500 million worth LNG Power Plant project and $400 million worth LNG Receiving Terminal project.

Moreover, they also discussed the company’s ongoing operations in Myanmar including power projects, hotel businesses, and rice production and export businesses.

POSCO Group has a global footprint in the industries such as power production, hotels, and trade including the exportation of high-quality steel products. In Myanmar, the group has made investments in LNG production projects, hotels, rice production, and color steel tile production.

 

(Myanmar Business Today: https://mmbiztoday.com/koreas-posco-in-talks-to-make-900-million-investment/ )

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