Myanmar: Japanese & Korean cos. urged to cut ties with military's business projects
"JFM welcomes EU sanctions on Myanmar junta mining enterprise, individuals" 21 July 2023
Justice For Myanmar welcomes the latest round of EU sanctions targeting Mining Enterprise 2 (ME 2), the Quartermaster General, State Administration Council (SAC) members and junta ministers.
[...]
The EU has also sanctioned three junta ministers, two members of the junta’s State Administration Council and the Myanmar Army’s Quartermaster General, Kyaw Swar Lin.
The Quartermaster General of the Myanmar army plays a key role in the military’s corrupt business activities, overseeing Myanmar Economic Corporation, the army’s real estate developments and the purchase of arms, equipment and technology.
The Quartermaster General’s Office has direct and indirect business with a number of international corporations and agencies. For the Y Complex development, the Quartermaster General is in business with the Japanese corporations Daiwa House Industries and Tokyo Tatemono, and the publicly funded Japan Bank for International Cooperation (JBIC) and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN). For the LOTTE Hotel development, the Quartermaster General is in business with the South Korean corporations POSCO International and LOTTE Hotels & Resorts.
Justice For Myanmar calls on all companies and public financial institutions to urgently and responsibly cut ties with the Office of the Quartermaster General.