Korean insurer quits Myanmar as investor patience runs dry

South Korea’s largest insurance company has left Myanmar as business patience over the government’s delay in liberalising the insurance market is in short supply. Samsung Life Insurance, a subsidiary of Samsung Group, ceased operating in Myanmar last August, a representative of the Myanmar Korean Chamber of Commerce and Industry (MKCCI) confirmed with The Myanmar Times. […]

Ex-Samsung executive named ambassador to Myanmar

SEOUL, May 23 (Yonhap) — South Korea on Monday named a veteran Samsung salesman as ambassador to Myanmar in a clear move to secure new business opportunities abroad. The Foreign Ministry said it appointed Yoo Jae-kyung as Seoul’s new top envoy to Naypyidaw in a minor reshuffle that also involved the appointment of a new […]