South Korea eyes new Myanmar industrial zone for automotive exports
2018-08-10 17:54:48 / Myanmar MachTool
The focus of the Myanmar-Korea industrial zone will be to set up an automotive hub to manufacture and assemble Korean vehicles for export purposes, said U Yan Naing Tun, Director General of the Trade Department under the Ministry of Commerce.
The new industrial zone will be located over 500 acres Nyaung Na Pin, Hmawbi township,Yangon region. According to master plans for Yangon –Hanthawaddy – Bago Corridor and Yangon South Western Regional Development, the Myanmar – Korea industrial zone is expected to draw investments of up to $200 million and should be complete by 2025.
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Source: The Myanmar Times / THIHA KO KO 25 APR 2018
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