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Saturday, May 4, 2024

Myanmar bloodshed hits South Korean financial operations

Friends react during the funeral of Su Su Kyi, a local Myanmar staff member of South Korea’s Shinhan Bank, who was shot by security forces in Yangon on Friday. (Reuters photo)

SEOUL: South Korean financial institutions have tensed up to review closure of operations in conflict-ridden Myanmar as expats come under safety risk.

Shinhan Bank has temporarily closed down its branch in Yangon, Myanmar’s largest city, and told all employees to work from home after Su Su Kyi, a female staff, was shot by the military on her way home in a company vehicle around 5pm on Wednesday, according to Pulse. She died after being sent to a hospital.

The bank has kept the business operation in Myanmar to minimum staffing with the headquarters in Seoul providing additional support, said a Shinhan Bank official on Thursday. The…

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