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(LEAD) Moon in Myanmar for talks on strengthening economic ties

Politics 13:43 September 03, 2019

(ATTN: UPDATES with arrival; CHANGES headline, dateline, photo)
By Lee Chi-dong

NAYPYITAW, Sept. 3 (Yonhap) -- South Korean President Moon Jae-in arrived in Naypyitaw, the capital of Myanmar, on Tuesday for talks on accelerating economic cooperation between the two sides.

Moon's state visit here, the first by a South Korean president in seven years, is in line with his administration's campaign to reach out to Southeast Asian nations under the New Southern Policy.

Later in the day, he is scheduled to hold a series of meetings with state councilor and Nobel Peace Prize laureate Aung San Suu Kyi and President Win Myint.

South Korean President Moon Jae-in and first lady Kim Jung-sook wave upon arrival in Naypyitaw, the capital of Myanmar, on Sept. 3, 2019. (Yonhap)

The focus will be on ways to improve bilateral relations, especially in trade, investment and development cooperation.

Myanmar is eager to attract foreign direct investment. South Korea is seeking to expand partnerships with the nation, rich in natural resources and located in the center of Asia, between China and India. More than 200 South Korean firms are doing business in Myanmar.

The Myanmar government plans to launch the "Korea Desk" office to help South Korean businesses resolve administrative difficulties.

Moon may convey Seoul's position on the sensitive issue of the Rohingya humanitarian crisis as well.

On Wednesday, he will travel to Yangon for a business forum and a groundbreaking ceremony for the South Korea-Myanmar Economic Cooperation Industrial Complex.

Moon is on a weeklong tour of the region, which already took him to Thailand, where he had talks with Prayut Chan-o-cha, mainly on strengthening partnerships in high-tech industries.

He will also travel to Laos before turning to Seoul on Friday.


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