Posco

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

https://www.upstreamonline.com/politics/posco-defends-myanmar-operations-as-security-situation-deteriorates/2-1-994625

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/