Seoul/Bangkok | Investors are urging South Korean industrial group Posco to exit a steel joint venture with a Myanmar military-controlled conglomerate as pressure builds on multinationals to cut financial links with the country’s junta.
APG, the $US668 billion ($876.5 billion) Dutch pension fund, said it was among a group of investors worried their holdings in Seoul-listed Posco would undermine responsible investing commitments after Myanmar’s military overthrew Aung San Suu Kyi’s government in a coup in February.
