Korea Busi­ness Cen­tre opens doors

The Myanmar Times - - Business - TIN YADANAR TUN tinyada­nar­tun@mm­times.com

A NEW busi­ness hub opened in Yankin town­ship yes­ter­day, with the Korea Busi­ness Cen­tre (KBC) set to of­fer a range of ser­vices from of­fice space hire to start-up con­sul­ta­tion and in­vest­ment match­mak­ing.

The Korea Busi­ness Cen­tre is op­er­ated by a sub­sidiary of Korea-based Yul­chon LLC, and will pro­vide ben­e­fits for the Korean busi­ness com­mu­nity.

“KBC will pro­vide full-ser­vice law firms for for­eign in­vestors who would like to start busi­nesses in Myan­mar, espe­cially for Korea in­vestors,” said Su Gu Kang, spokesper­son for Yul­chon Myan­mar.

There is a lot of de­mand in the for­eign busi­ness com­mu­nity for tem­po­rary workspaces in Yan­gon, he said.

“We will pro­vide of­fice space for tem­po­rary use in­clud­ing fa­cil­i­ties for daily, weekly or monthly hire,” he said.

KBC will also be a hub for busi­ness ad­vice, in­clud­ing on in­vest­ment risk, law, com­pany reg­is­tra­tion, tax is­sues, in­tel­lec­tual prop­erty and mar­ket in­for­ma­tion across the coun­try.

“For for­eign in­vestors, find­ing some qual­i­fied lo­cal staff is dif­fi­cult. We will fill that gap and we will find the staff by con­nect­ing job cen­tres,” he said. The fa­cil­ity will also pro­vide some­thing of a busi­ness match­mak­ing ser­vice, he said.

“Lo­cal busi­ness­men who want to have for­eign part­ners and in­vest­ment can con­tact our cen­ter and we will link them with the right for­eign part­ners and in­vest­ment sources.”

Yul­chon LLC was founded in Korea in 1997. It now has branches in both China and Viet­nam, and opened its first of­fice in Myan­mar in 2014.

Photo: Aung Htay Hlaing

Korean firms are ac­tive in gar­ments and other sec­tors.

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