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POSCO Unit May Sever its Biz Ties with Myanmar’s Military Conglomerate

POSCO Unit May Sever its Biz Ties with Myanmar’s Military Conglomerate

SEOUL, April 6 (Korea Bizwire) — POSCO C&C, an affiliate of South Korea’s steel giant POSCO Group, said Tuesday it is studying various options to reconsider its business ties with Myanma Economic Holdings Public Company Limited (MEHL), one of Myanmar’s two largest military holding companies. The move by the maker of surface-treatment steel sheets came [...]

Gov’t May Consider Banning Travel to Myanmar if Unrest Worsens

Gov’t May Consider Banning Travel to Myanmar if Unrest Worsens

SEOUL, April 5 (Korea Bizwire) — The government could consider banning travel to Myanmar and arrange additional temporary flights to help South Koreans leave the country if the political unrest there worsens, a foreign ministry official said Monday. The government has helped organize one or two temporary flights a week from the Southeast Asian nation [...]

S. Korea to Ban Military Exports to Myanmar, Mulls Suspending Development Aid

S. Korea to Ban Military Exports to Myanmar, Mulls Suspending Development Aid

SEOUL, March 12 (Korea Bizwire) — South Korea has decided to restrict the export of military goods including tear gas to Myanmar, suspend bilateral defense exchanges and reconsider development assistance to the Southeast Asian nation amid its violent crackdown on citizens protesting a coup, the government said Friday. The move follows Seoul’s repeated calls for [...]

S. Korea to Grant Special Stay Permits for Myanmar Nationals

S. Korea to Grant Special Stay Permits for Myanmar Nationals

SEOUL, March 12 (Korea Bizwire) — South Korea will grant special stay permits for Myanmar nationals on humanitarian grounds starting next Monday, amid mounting violence there following a coup last month, the justice ministry said Friday. The ministry said the measures will cover approximately 25,000 Myanmar nationals who are staying in South Korea, until conditions [...]

S. Korea’s Christian Community Expresses Concern About Situation in Myanmar

S. Korea’s Christian Community Expresses Concern About Situation in Myanmar

SEOUL, March 12 (Korea Bizwire) — South Korea’s Christian community has expressed concerns about political instability in Myanmar in connection with the recent coup and vowed for solidarity with the pro-democracy movement there. “The Catholic Church in Korea expresses her deepest concern about the outbreak of violence and the subsequent bloodshed in our neighboring country, [...]

S. Korean Parliament Passes Resolution Condemning Military Coup in Myanmar

S. Korean Parliament Passes Resolution Condemning Military Coup in Myanmar

SEOUL, Feb. 27 (Korea Bizwire) — The National Assembly of South Korea has passed a parliamentary resolution denouncing the recent military coup in Myanmar, calling it a “serious defiance of democracy.” The resolution, approved with bipartisan support in the National Assembly’s full-floor voting session held Friday, urged Myanmar’s military leaders to immediately release detained civilian [...]