DICA refutes Korean pull out claim

07 November 2019
DICA refutes Korean pull out claim
Director General of Directorate of Investment and Company Administration (DICA) U Thant Sin Lwin. Photo: MNA

Recent reports that Korean investors plan to pull out investments from Myanmar and invest in Bangladesh instead are not true, said U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA).

A report carried by a Bangladeshi media agency cited the Bangladesh Economic Zones Authority stating on 5 November that 100 enterprises from South Korea plan to leave Myanmar to invest in Bangladesh.

The announcement is absolutely wrong, said U Thant Sin Lwin at a media conference held on 6 November at the DICA office.