May 18, 2014

Shinhwa International visit Myanmar

Shinhwa International Co., Ltd., a company known overseas to specialise as a power plant developer and in Korea to distribute cosmetics, visited Myanmar.

CEO of the company Mr. Shong Jun-Seok had an official meeting with the deputy minster of Ministry of Electric Power and discussed possibilities of establishing a 300 MW coal fire plant in the Mawlamyine region. Furthermore, the company is discussing possibilities of establishing duty-free stores in Yangon International Airport and Mandalay international Airport.

Shinhwa, since 2011 has been looking for opportunities in Myanmar and in 2013 February, with the Shinhwa Consortium consisting of Shinhwa International, Korea Southern Power, and Daewoo E&C visited Napyitaw and had meetings with the Ministers from various ministries such as Ministry of Agriculture, Ministry of Electric Power, Ministry of Industry, and Myanmar Investment committee.