Residents from Malakyun and Gonchein villages are demanding compensation for the farmland destroyed by the company’s operations.
Tag: daewoo
KDB Daewoo has high hopes for Rangoon skyline
South Korean KDB Daewoo Securities has announced that it will invest nearly US$200 million in construction in Burma’s former capital Rangoon.
Burma gas campaigners hit brick wall
Calls for Shwe pipeline project to be shelved fall on deaf ears as Korean company hails successful completion of production tests
Daewoo shares soar despite Burma criticism
Sept 29, 2009 (DVB), The Korean company heading the construction of a controversial pipeline project in Burma has announced a rise in shares after acquisition interest from one of the…
Daewoo invest $5.6 billion in Burma gas
Aug 25, 2009 (DVB), South Korean company Daewoo International is waiting for the go-ahead from the Burmese government to invest nearly $US5.6 billion in Burma’s gas fields, with the produce…
Korean businessmen sentenced for Burma deal
Nov 16, 2007 (DVB), A former director of Daewoo International and 13 other executives were sentenced today in Seoul for providing weapons technology and equipment to the Burmese government. The…