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Samsung Myanmar sure of staying top

Amid stiff competition in the market as major smartphone brands vie for market share in Myanmar, South Korean giant Samsung Electronics remains confident that it will manage to maintain its leadership position this year, according to Zarni Win Htet, the head of mobile group at Samsung Myanmar. “We were not happy with the slow-down last […]

Trade war will drive Chinese investment in Asean to US$500 billion by 2035, think tank says

Chinese investment in Asean countries is set to more than triple to US$500 billion by 2035, with the US-China trade war likely to provide a catalyst for the spike, according to a regional think tank. The claim was made in a report published on Thursday by the Asean+3 Macroeconomic Research Office (AMRO), a regional macroeconomic […]

Better PR, infrastructure needed to woo more Korean investors

Myanmar must be more proactive and enthusiastic across its attempts to attract foreign investors, such as visiting with the countries it plans to attract investments from. It should also better communicate developments that would be of interest to investors, such as recent directives on liberalising the education and retail sectors, Lee Hyuk, Secretary General of […]

Myanmar urged to do more to attract Korean investment

MYANMAR needs to pick up the pace of economic reforms in order to attract more investment from South Korea, said a senior trade official who led a market research mission to Myanmar. Lee Hyuk, secretary general of the Asean-Korea Centre, said in an interview that Myanmar must urgently create a better investment climate to succeed […]

Samsung scraps production plant in Myanmar

Samsung Electronics has scrapped its plans to build a production base for smartphones or home appliances in Myanmar due to an unfavorable administrative environment as well as lingering political uncertainties, the Korean Times reported. The world’s leading smartphone manufacturer, which has three production facilities in Vietnam, has been considering building another plant in Myanmar to […]

Korea Inc. Spies a Bountiful Market in Ride Sharing

The ride-sharing industry is a new battlefield for major conglomerates in search of new areas of growth. Samsung Electronics inked a strategic partnership with Grab, the top ride-sharing company in Southeast Asia, the company said Friday. It was Samsung’s first foray into the field. The tie-up is expected to allow Grab to improve its customers’ […]

Samsung considers appliance plant in Myanmar

“Samsung Electronics is considering building plants to produce white goods in Myanmar as the company has been seeking new manufacturing posts to cut labor costs and improve efficiency,” sources told The Korea Times, Monday. It is negotiating on key conditions with the Southeast Asian country. “Investment will occur in a few years,” one said. “Looking […]