About the company
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.
Chief Executive Officer
Republic of Korea
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
Posco Daewoo announces Myanmar gas field test results, Matthew Farmer, Offshore Technology, 18th February 2020
Added to the Dirty List 11 December 2018
Follow up letter sent 30th September 2021
The Dirty List names international companies doing business with the military in Burma. The list also includes international companies involved in projects where there are human rights violations or environmental destruction.
In September 2018, the United Nations Fact Finding Mission on Myanmar, which has been investigating human rights violations in the country, stated:
“The actions of the Tatmadaw (Burmese military) in Kachin, Rakhine and Shan States, in particular in the context of the ‘clearance operations’ in northern Rakhine State in 2016 and 2017, have so seriously violated international law that any engagement in any form with the Tatmadaw, its current leadership, and its businesses, is indefensible.”