Government "Will Continue to Support Minimizing Negative Impact on Businesses Due to Myanmar Situation"

Ministry of Trade, Industry and Energy Holds Situation Review Meeting for Companies Operating in Myanmar

[Sejong=Asia Economy Reporter Joo Sang-don] The government has decided to continuously support minimizing the negative impact on Korean companies and citizens due to changes in the situation in Myanmar.

On the 9th, the Ministry of Trade, Industry and Energy held a 'Situation Review Meeting for Companies Operating in Myanmar' at the Korea Chamber of Commerce and Industry, chaired by Na Seung-sik, Deputy Minister for Trade. The meeting was attended by major companies operating in Myanmar and related organizations to share local trends and discuss corporate difficulties and support measures.

Since the outbreak of the Myanmar situation in February this year, the ministry has held two situation review meetings chaired by the Director-General of the Trade Cooperation Bureau to monitor changes. Considering the recent escalation of the Myanmar situation and the raising of crisis and travel alerts, this meeting was elevated and held under the chairmanship of the Deputy Minister for Trade.

At the meeting, related organizations such as the Korea Chamber of Commerce and Industry and the Korea Trade-Investment Promotion Agency (KOTRA) shared information on changes in the Myanmar situation and trends of local companies. Companies requested the government to take an active interest and provide support to resolve management difficulties and ensure the safety of businesspeople. Deputy Minister Na said, "Please take prompt responses and measures for each company to ensure the safety of local residents and companies," and added, "For matters requiring government support, we will actively consider support through consultations among relevant ministries."

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