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South Korea’s Daewoo Granted Lease on State-Owned Car Factory, Plans to Start Making Busses Locally

The government has agreed to lease a state-owned factory to a joint venture between South Korean bus-maker Daewoo and local compa­ny Myanmar Trade Centre, paving the way for Daewoo buses to be built locally. By letting the factory, which is located in Htauk Kyant in northern Yangon, the government is putting into action its economic […]