Responding to reports that South Korean steel giant POSCO will end the steel venture its Myanmar subsidiary shares with military-owned conglomerate MEHL, Amnesty International’s Business and Human Rights Researcher Montse Ferrer said:
“POSCO’s decision to cut this tie is the latest blow to Myanmar’s military, which continues to impose its rule through murder and heinous human rights violations. Since staging a coup in February, the military has reportedly killed around 700 people, including dozens of children.
“Given the scale of POSCO’s operations in Myanmar, this announcement is a major step forward. It increases the military authorities’ isolation, and adds to the growing pressure on other companies to end their business links with MEHL.