About the company
Posco
POSCO is a Korean conglomerate involved is a variety of industries including steel, energy and car manufacturing.
In Burma POSCO is involved in gas exploration, production and transportation in blocks A-1 and A-3, including the Shwe Gas Project. Since the military coup on 1st February 2021 revenues to from gas go to the military. The Shwe Gas project includes a pipeline across Burma to China which has been linked to conflict and human rights violations.
Posco also owns and manages the Lotte Hotel in Yangon which is built on land rented from the military.
In April 2021 POSCO said it was ending its Myanmar Posco C&C steel business which was a joint venture with the military. It planned to buy out MEHL and turn Posco C&C into a wholly owned subsidiary. However, Posco C&C is still advertising in the military-owned newspaper Myawady Daily.
Contact:
Jeong-Woo Choi
Chief Executive Officer
POSCO
6261, Donghaean-ro
Nam-gu
Pohang-si
Gyeongsangbuk-do
Republic of Korea
Email: sustainability@posco.com
Sources:
Posco defends Myanmar operations as security situation deteriorates, Amanda Battersby, Upstream Online, 14th April 2021
Chinese company linked to human rights abuses in Burma (Myanmar), EarthRights International, 8th December 2011
Chinese Oil Company Linked to Human Rights Abuses in Burma (Myanmar)
Posco Daewoo announces Myanmar gas field test results, Matthew Farmer, Offshore Technology, 18th February 2020
https://www.offshore-technology.com/news/posco-gas-test-mahar/
South Korean companies met Myanmar officials despite coup censure, Christian Davies and John Reed, Financial Times 17th December 2021:
https://www.ft.com/content/ff30dd07-663d-4f1d-81a8-542d864293be
Posco International Amara website accessed January 2022:
https://www.poscointlamara.com/
Myawady Daily 14th January 2022
https://www.myawady.net.mm/node/20785
Added to the Dirty List 11 December 2018
Follow up letter sent 30th September 2021
Follow up letter sent 19th January 2022
Updated 27 January 2022 to include details of the Lotte Hotel.