NongHyup Finance Myanmar considers capital increase for expansion

This is the third of a series highlighting Korean banks’ operations in Southeast Asian countries. NongHyup Finance Myanmar is considering raising capital to finance its expansion in the region, said Kim Jong-hee, managing director of the bank. Also, it will invest in equities of banks in Myanmar for strategic partnerships when opportunities arise as the […]

Choi sought personal gain in state business in Myanmar

President Park Geun-hye’s confidant Choi Soon-sil, the central figure in the influence-peddling scandal, is facing an additional charge of seeking personal gain in state business worth 76 billion won ($65 million) in Myanmar, prosecutors said Monday. Choi is already on trial for abuse of authority, coercion and bribery. The independent counsel team said it plans […]

Government introduces new online statistics portal

Myanmar has taken another step toward open data with the debut of an online statistics portal. The Myanmar Information System (MMSIS), built by the Central Statistical Organisation (CSO) under the Ministry of National Planning and Economic Development with help from the Korea International Cooperation Agency (KOICA), aggregates information spanning subjects such as trade, investment, demographics […]

KOICA signs for Dala and Bago master plans

Korea International Cooperation Agency (KOICA) has signed with the Ministry of Construction for several ambitious projects – including master plans for the north and south of Yangon and designing a national road network. The South Korean government’s grant aid arm recently signed with the minister to prepare two regional development plans, said chief Myanmar representative […]