South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture

South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture

South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture

As Myanmar’s army rulers continue a deadly crackdown on protest, with hundreds killed, the people said the Korean parent’s POSCO C&C arm is looking into either selling its 70% stake in the venture with Myanmar Economic Holdings Ltd (MEHL), or buying out its partner’s stake. It wasn’t immediately clear how much the 30% holding might be worth.

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