Economic Forum: Establishment Of Korea Myanmar Industrial Complex

5 September 2019
2019-09-05 09:50

The establishment of Korea Myanmar Industrial Complex and Myanmar-Korea Economic Forum took place in Yangon, Wednesday with the attendance of President of the Republic of Korea Moon Jae-in and Vice President U Myint Swe. First, Korea International Trade Association Chairman & CEO Mr. Kim Young Ju and Chairman of Myanmar Chambers of Commerce and Industry U Zaw Min Win extended greetings.

Later, video clips on wonder of Han River in the Republic of Korea, the New Southern Policy, goal for future cooperation and special industrial complex were shown. President of Korea Land & Housing Corporation Byeon Chang Heum explained about plans on Myanmar-Korea Industrial Complex.

At the forum, Vice President U Myint Swe expressed his belief that the visit of ROK President to Myanmar would promote more bilateral ties and cooperation as well as partnership between the two countries.

Myanmar-Korea Industrial Complex would establish another mile-stone in cooperation between Myanmar and the Republic of Korea. He also expressed his appreciations for the initiative on the New Southern Policy of the ROK President to boost cooperation with ASEAN member States and India.

The Vice President also added that the Republic of Korea is implementing 177 investment projects worth a total investment amount of 3.9 billion USD in Myanmar and Korea is the sixth largest foreign investor among the countries that make investments in Myanmar.

The Vice President also said that investments of ROK could bring job opportunities to Myanmar but also could hand over knowledge and technologies to the country as well as create better socio-economic life.

In his address, President Moon Jae-in stressed establishment of Korea Myanmar Industrial Complex, economic development in Myanmar, increase of bilateral trade volume, importance of Myanmar sustainable development plan, acceleration of cooperation between the two countries on various aspects including education and also agreements between the two countries. 

After his speech, President Moon attended MoU signing ceremony among the 9 South Korean companies which will make investment in Myanmar. President Moon, Vice President U Myint Swe, Union Minister U Han Zaw and Yangon Region Chief Minister U Phyo Min Thein attended the official ceremony of establishment of Korea Myanmar Industrial Complex.

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