20 Jan '11, 1pm

Myanmar looks at free market to attract capital; gov in talks with SK bourse operator via @cmswire

BANGKOK - MYANMAR is in talks with South Korea's bourse operator about opening a stock market, the latest in a series of steps by its military rulers aimed at drawing much-needed foreign capital to the country. Korea Exchange is already involved in running the newly opened Laos Securities Exchange and is setting up a long-delayed stock market in Cambodia, which is due to open in July. Both are joint ventures with the respective governments. 'We had a discussion (with Myanmar) before,' Lee In Pyo, project director for the Cambodian exchange, told Reuters on Thursday. 'Anything is possible, anything can happen,' he said, when asked if the company was keen to work in Myanmar. A spokesman for Korea Exchange in Seoul said representatives had visited Myanmar twice. 'But nothing has been decided,' the official said. Myanmar is rich in natural resources but its development has bee...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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