‘Enough is enough’ - activists file complaints against South Korean companies funding Myanmar military operations
27 November 2021
A coalition of activists from South Korea and Myanmar on Thursday filed complaints with the...Working Group on Business and Human Rights to intervene to bring pressure on the companies to cut business ties with the military.
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Two coalition groups - Korean Civil Society in Solidarity with the Rohingya (KCSSR) and Korean Transnational Corporations Watch (KTCW) - submitted the complaints along with activists at Justice For Myanmar.
The companies in question are all based in South Korea. They include POSCO, Pan-Pacific and the Inno Group, which all operate joint ventures with Myanmar Economic Holdings Limited (MEHL), which is owned by military units and senior members of the military.
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South Korean steel giant POSCO operates two joint ventures with MEHL, while Pan-Pacific operates an apparel business with MEHL and leases land in an MEHL-owned industrial zone. POSCO and Pan-Pacific are both listed on the Korea Stock Exchange.
Inno Group operates three joint ventures with MEHL and leases land in an MEHL-owned industrial zone.
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POSCO and LOTTE Hotels and Resorts have developed a hotel in Yangon on land leased from the Myanmar military, providing financing for the military under a build, operate and transfer agreement....
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Daesun Shipbuilding & Engineering, which is majority-owned by Korea Eximbank, last year sold a Landing Platform Dock (LPD) warship to the Myanmar Navy.
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Yadanar Maung, a spokesperson for Justice for Myanmar, said South Korean businesses have continued to provide financial and technological support for the Myanmar military even as it faces genocide charges at the International Court of Justice.
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