Home MMBIZ News S Korea to Launch Village Improvement Project in Myanmar

S Korea to Launch Village Improvement Project in Myanmar

The Korean International Cooperation Agency (KOICA) will launch a fresh $22-million project for the improvement of 100 villages in Myanmar, according to the Ministry of Agriculture and Irrigation.

The five-year Saemual Undong aid project (2015-19) covers 100 villages in Naypyitaw, Yangon, Tanintharyi, Ayeyawaddy, Mandalay, Sagaing regions and Shan state.

KOICA and Myanmar signed a framework agreement in September to help the latter establish model villages, research and technology on post-harvest, in-land fish farms, schools and power stations in rural areas.

According to official statistics, South Korean investment in Myanmar amounted to $3.08 billion as of September, accounting for 6.19 percent of the total FDI.

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