Korean delegation eyes construction, garment trade

South Korean executives have signed a memorandum of understanding (MoU) with the Union of Myanmar Federation of Chambers of Commerce and Industry to invest in construction and other business sectors in partnership with Myanmar entrepreneurs, executives said.

A 30-member delegation from the Korea Chamber of Commerce and Industry that visited Myanmar this week is very keen on construction, garments, stationary imports, restaurants, printing presses as well as manufacturing of its electronic devices, car imports and medicine manufacturing, executives said.

“Myanmar is rich in natural resources. A bilateral agreement between Korea and Myanmar will support more business,” said Choi Jae-young, president of the Seoul Chamber of Commerce and Industry, adding that the delegation consisted of executives from mid and small-sized trading firms.

The MoU will aid the exchange information between Myanmar and Korean businesses and promote bilateral trade and investment, which will spark more economic growth, Choi said.

UMFCCI member Dr Myo Thet said it would promote free trade and increase foreign investment in Myanmar.


NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here