Myanmar and South Korea sign MoU to build logistics hub

Photo: Myanmar Ministry of Commerce

Myanmar and South Korea have signed a Memorandum of Understanding to build a logistics hub of international standard in Yangon, Xinhau reported on 6 February.

The logistics hub will be constructed by the Myanmar Ministry of Commerce and the HUBS MK Company of South Korea on a 24-hectare land plot in Yangon's Hlaingtharya township where the biggest industrial zone lies.

The Ministry of Commerce said it is trying to bolster the country's export by implementing a national export strategy, and a logistics hub is vital for exporters and importers to reduce the supply chain transport cost, the report said.

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