President Moon Jae-in on Sept. 4 stressed the importance of economic cooperation with Myanmar at a groundbreaking ceremony for an industrial complex and a business forum held in Yangon. At the event themed "Korea and Myanmar, companions of coexist
ence and prosperity," about 200 members of a Korean economic mission and 250 key ministers from Myanmar including Vice President Myint Swe and businessmen participated.
The industrial complex, a joint project between Korea Land and Housing Corp. and the Myanmar government, will be the first of its kind exclusively for Korean businesses in Myanmar. To cover 2.25 million square meters, the complex is expected to help Korean companies having difficulties advancing into Myanmar due to high land prices and weak infrastructure.