BANGKOK/SEOUL -- Multinationals in Myanmar face growing calls from shareholders to sever business ties with the junta, with South Korean steelmaker Posco's decision to terminate a joint venture there underscoring the mounting operational risks.
Group company Posco Coated & Color Steel said Friday it is in talks with venture partner Myanma Economic Holdings Public Co. Ltd. -- controlled by Myanmar's military -- to buy MEHL's 30% stake and become the sole owner. The venture, Myanmar Posco C&C, makes steel sheets for construction.
