- Company to export 200 school buses in the first G2G deal between Korea and Myanmar
- 50 buses shipped in the first batch of the contracted vehicles
- POSCO DAEWOO sees big potential in G2G business
POSCO DAEWOO will export 200 school buses to Myanmar in a deal signed between the Korea Trade-Investment Promotion Agency (KOTRA) and the government of Myanmar’s Yangon region. Fifty buses have been shipped in the first batch of the contracted vehicles.
It was the first Government-to-Government (G2G) contract between South Korea and Myanmar. POSCO DAEWOO inked a trilateral deal with KOTRA and the government of the Yangon region on May 10, under which Hyundai Motor will produce 200, 28-seat “New County” school buses.
The delivery of the 200 buses will be completed by June. They will be used to ferry students attending public schools in Yangon with a local company, Yangon Bus Public, responsible for the operation.
This deal is considered as a model case of G2G business that has taken advantage of POSCO DAEWOO’s global marketing network, Hyundai Motor’s proven product quality and economic diplomacy between two countries.
“The deal could be done by POSCO DAEWOO’s ability in dealing with G2G business, which had already been proven by the export of intelligent patrol cars to Peru,”
POSCO DAEWOO CEO Kim Young-Sang said. “Along with the export of school buses, we will try to expand the G2G business partnership with other countries including the Myanmar government.”
POSCO DAEWOO exported first batch of 800 intelligent patrol cars to Peru’s interior ministry in 2013 and second batch of 2,108 cars in September, 2016.