South Korea’s largest housing finance bank, KB Bank, has announced that it will formally launch KB Bank Myanmar in December.KB Bank was one of the seven foreign banks to be awarded a license to operate in Myanmar by the Central Bank of Myanmar in April this year. With a license in place, it will bring […]
Myanmar, S. Korea Pledge to Step Up Cooperation on Trade, Investment, Energy
September 22, 2020 by
YANGON—Myanmar and South Korea have agreed to cement their economic cooperation, particularly in the trade, investment and energy sectors, to help Myanmar overcome the economic fallout from the coronavirus pandemic. Speaking via videoconference during Wednesday’s first meeting of the two countries’ Joint Commission for Trade and Industrial Cooperation, South Korean Trade, Industry and Energy Minister […]
South Korea donates protective equipment and testing kits to Myanmar
March 25, 2020 by
South Korea provided thousands of sets of protective gears as well as testing kits to Myanmar to boost the country’s fight against the dreaded pneumonia-like disease COVID-19 to the Ministry of Health and Sports and the Yangon regional government. The Korean embassy on Tuesday held a handover ceremony for 1000 protective coverall plus 5000 new […]
Govt seeks parliament approval for US$131M loan
February 11, 2020 by
The government is seeking approval for a loan of US$131 million from South Korea that will be used to upgrade the country’s natural-gas infrastructure, a senior official says. “The financing is meant to be used for a project to build a pipeline for the Shwe offshore gas field that will connect to the Myanmar-China gas […]
South Korean firm invests in Bago power project
January 7, 2020 by
South Korea’s MCM Power Company will invest over US$35 million on a power generation and distribution project in Pyay township, Bago, according to U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). The gas-powered project is expected to generate 40MW of electricity. Interest in the Myanmar power sector from Hong […]
Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech
December 9, 2019 by
YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]
Two Chinese Airlines Start Direct Flights from Yangon
November 6, 2019 by
Yangon Aerodrome Co Ltd, operator of Yangon International Airport (YIA), has announced the launch of Qingdao Airlines’ direct flight between Yangon and Ningbo in Zhejiang, China. Qingdao Airlines will operate an Airbus A320 aircraft with the capacity for 180 passengers for the new service that will operate every Monday and Friday between Yangon and Ningbo, […]
Shan State’s Peace and Tea Leaves
November 4, 2019 by
Among Myanmar’s many agricultural products, tea leaves hold a lot of potential for export markets because they are organic product grown naturally, an official with the Myanmar Tea Association says. However, development of the sector is tied to conflict in Shan State, one of the main growing areas for the crop in Myanmar. If a […]
