APD | South Korea and Myanmar discuss peace efforts

By APD writer Rishika Chauhan

On a visit to Myanmar, South Korean President Moon Jae-in recently said that parallels could be drawn between the peace efforts in the Korean peninsula and Myanmar’s attempt to negotiate a peace deal with insurgents.

Moon also met Myanmar's leader Aung San Suu Kyi in Naypyitaw during his visit. Addressing the media, he said, "I am aware that the government of Myanmar is placing priority on the peace process and striving to achieve national integration and unity among different ethnic groups, including the resolution of the Rakhine issue.”

"I hope our two countries will make joint strides together by helping each other along the way," he added.

Myanmar also announced that it would be opening a "Korea desk" in its capital and would offer quick sanctions and assistance to South Korean investors.

Currently more than 200 South Korean companies are working in Myanmar and South Korea is Myanmar's sixth largest source of foreign direct investment.

According to Asian Development Bank predictions, Myanmar's economy will grow by 6.6% this year and 6.8% next year.

(ASIA PACIFIC DAILY)