• Burmese
Wednesday, July 16, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business

Korean Investment in Burma Likely to Increase

Kyaw Hsu Mon by Kyaw Hsu Mon
March 9, 2016
in Uncategorized
Reading Time: 2 mins read
0 0
A A
Korean Investment in Burma Likely to Increase

An employee leaves Shinhan Bank in Seoul

3.2k
VIEWS
Share on FacebookShare on Twitter

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma.

During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining and steel sectors, as well as efforts to build modern rice mills. Ministers Wunna Maung Lwin, Soe Thane and Zeyar Aung also were present, according to the state media outlet Myanmar News Agency.

The Korean delegation also met with Minister of Industry Maung Myint regarding further investment opportunities in Burma. Following the meetings, some industry observers have suggested a link between South Korea’s intensified interest in Burma and the increase in Japanese and Chinese economic presence in the country.

RelatedPosts

Myanmar Junta Courts Russian Investment to Build SE Asia Trade Hub

Myanmar Junta Courts Russian Investment to Build SE Asia Trade Hub

June 25, 2025
2.4k
China’s Bet on Myanmar Junta Risks Backfiring

China’s Bet on Myanmar Junta Risks Backfiring

June 17, 2025
2.3k
Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

Paranoid Junta Turns to Foreign Expertise After 4 Years of Chaos; and More

May 10, 2025
1.6k

Since Thein Sein’s quasi-civilian government took office in 2011, Asian countries in particular have begun investing in Burma, which has been described as a “frontier market.”

Dr. Maung Maung Lay, vice chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry told The Irrawaddy that Korean businesses are eyeing automobile, oil and gas sectors, as well as other smaller industries.

“Korean culture has already been exported to this country, so their brands do not need to be promoted as much,” he said, adding that investors are interested in entering the beauty industry and developing Burma’s cosmetic surgery market.

Korean garment factories are already operating in the country, so continued engagement with the manufacturing sector will be priority, Dr. Maung Maung Lay said.

The Central Bank of Myanmar approved a license for Korea’s Shinhan Bank in the second round of foreign banks licenses issues this week, paving the way for more Korean businesses to establish a presence in Burma.

Since the first round of licensing in 2014, commercial banks from foreign investors’ respective countries are now following them to Burma, including those from China, Singapore, Thailand, Malaysia, Japan, India, and Australia.

Dr. Soe Tun, chairman of the Automobile Dealers Association, said that it seems Japanese and South Korean businesses are now competing in Burma’s markets.

“Many Japanese business are coming here now, so Korean businesses will follow, no doubt,” he said. “We welcome more FDI [Foreign Direct Investment].”

According to the figures of the Directorate of Investment and Companies Administration, Korean investment in Burma reached US$300 million during the 2014-2015 fiscal year, ranking it the country’s fifth highest investor after China, Singapore, Hong Kong and the UK respectively.

Burma expects about US$6 billion in foreign investment for the current fiscal year ending on March 31 and has received more than US$5 billion to date.

Your Thoughts …
Tags: A_FactivaForeign RelationsInvestment
Kyaw Hsu Mon

Kyaw Hsu Mon

The Irrawaddy

Similar Picks:

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption
Burma

General Close to Myanmar Junta Boss Placed Under House Arrest, Interrogated for Corruption

by The Irrawaddy
September 14, 2023
28.7k

The arrest of ‘kickback king’ Lt-Gen Moe Myint Tun, once seen as a possible successor to Min Aung Hlaing, comes...

Read moreDetails
Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes
Business

Myanmar Junta Arrests Thai Condo Buyers, Realtors as Currency Crashes

by The Irrawaddy
June 4, 2024
27.7k

Monday’s arrests follow reports that Myanmar has become one of Thailand’s most lucrative markets for selling condos since the 2021...

Read moreDetails
Myanmar Junta Counteroffensives Failing Across Country: Analysts
Analysis

Myanmar Junta Counteroffensives Failing Across Country: Analysts

by Hein Htoo Zan
September 20, 2024
16.8k

Three major operations to retake territory from ethnic armies and their allies are being hampered by troop shortages, experts say.

Read moreDetails
Planeload of Cronies Accompany Myanmar Junta Boss on Russia Trip
Business

Planeload of Cronies Accompany Myanmar Junta Boss on Russia Trip

by Hein Htoo Zan
March 7, 2025
11.5k

Regime-linked businessmen are set to cash in on deals flowing from the 10 agreements signed between Russia and the Myanmar...

Read moreDetails
Myanmar’s Youth Flee—and They Aren’t Looking Back
Commentary

Myanmar’s Youth Flee—and They Aren’t Looking Back

by Aung Zaw
February 23, 2024
8.4k

In Thailand and farther afield, they join the wealthy and the educated who have already put down roots and invested...

Read moreDetails
Tracking the Business Empire of Myanmar Regime Stalwart Moe Aung and His Siblings
Investigation

Tracking the Business Empire of Myanmar Regime Stalwart Moe Aung and His Siblings

by Aung Thit
September 4, 2023
7.1k

In the second of a two-part series, The Irrawaddy’s Investigation Desk examines more of the vast business interests of the children of...

Read moreDetails
Load More
Next Post
As Eyes Turn to Naypyidaw

As Eyes Turn to Naypyidaw, a Question of Which Three

No More Smiles: Transition Sours Ahead of Presidential Vote

No More Smiles: Transition Sours Ahead of Presidential Vote

No Result
View All Result

Recommended

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

7 days ago
1.3k
‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

‘Not a Witch Hunt’: Upholding Survivor-Centered Justice in Myanmar

5 days ago
649

Most Read

  • Myanmar Junta Launches Space Agency With Russian Help

    Myanmar Junta Launches Space Agency With Russian Help

    shares
    Share 0 Tweet 0
  • Myanmar Junta’s ‘Living Fence’ on Thai Border Falls to Karen Resistance

    shares
    Share 0 Tweet 0
  • Indian Army Accused of Deadly Strike on Separatists in Myanmar

    shares
    Share 0 Tweet 0
  • Myanmar Junta Moves into Nawnghkio Outskirts

    shares
    Share 0 Tweet 0
  • Myanmar and Russian Regimes Push Indian Trade Corridor to Bypass Western Sanctions

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.