SEOUL: South Korean steelmaker POSCO said on Monday it does not believe its unit POSCO International’s gas projects in Myanmar have a direct link to the military which seized power there in February.
The unit’s gas business had existed for about 20 years, persisting through regime change, and related payments were paid to the Myanmar finance ministry, POSCO said in an earnings call in reply to an analyst’s query about whether its business interests in Myanmar could concern foreign investors.
