"The Embassy of the Republic of Korea (ROK) has issued a statement reaffirming South Korea’s commitment to investing in Myanmar. The statement issued last week reiterated that the embassy has not heard any official news of South Korean companies considering relocating from Myanmar to neighbouring countries. The statement was issued following the emergence of news reports in Bangladesh reporting that a South Korean developer of industrial zones active in Myanmar intends to do the same in Bangladesh, and that South Korean companies would be relocating there. The embassy’s statement went on to say that it has not heard of any South Korean company or factory operating in Myanmar considering relocation to neighboring countries. In added that, on the contrary, the embassy has been receiving an increasing number of inquiries about Myanmar from prospective South Korean investors..."