KT Group
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KT Group is a family-owned business enterprise in
Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...
, with business interests in
aviation Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' includes fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air craft such as hot a ...
,
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...
, container ports, and
oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and combustion, burned as a fuel. The main fossil fuels are coal, petroleum, oil, and natura ...
. KT Group is led by Jonathan Kyaw Thaung, its CEO. The Kyaw Thaung family also operates a network of 28 subsidiaries and associated businesses, including Ky Tha Group. KT Group also operates a charitable arm, KT Care, founded in 2008. KT Group has courted significant scrutiny for its close ties to the
Burmese military Tatmadaw (, , ) is the official name of the armed forces of Myanmar (formerly Burma). It is administered by the Ministry of Defence and composed of the Myanmar Army, the Myanmar Navy and the Myanmar Air Force. Auxiliary services include th ...
. The group has partnerships with military-linked businessmen including Aung Pyae Sone, the son of
Min Aung Hlaing Min Aung Hlaing ( my, မင်းအောင်လှိုင် abbreviated: MAL ; born 3 July 1956) also known as Alaungsithu is a Burmese politician and army general who has ruled Myanmar as the chairman of the State Administration Coun ...
, the country's military ruler. In 2016, KT Group leased the Yangon's TMT Ports terminal (formerly Bo Aung Kyaw terminal) from the military-owned Myanma Economic Holdings Limited under a 50-year build-operate-transfer agreement worth per year. In February 2020,
Burma Campaign UK Burma Campaign UK (BCUK) founded in 1991 is a London-based non-governmental organisation (NGO) that aims to achieve the restoration of basic human rights and democracy in Burma (also known as Myanmar). BCUK campaigns on behalf of the Burmese pr ...
successfully pressured British companies using the port to terminate their relationship with KT Group due to military ties. In August 2021, a United Nations fact-finding mission concluded that KT Group warranted criminal investigation for donating to the military to assist it with the Rohingya clearance operations in Rakhine State. In November 2021, KT Group signalled an interest in acquiring
Telenor Myanmar Telenor Myanmar ( Burmese: တယ်လီနော မြန်မာ) was a telecommunications brand in Myanmar (Burma) between 2014 and 2022. It was established as a subsidiary of the Norwegian Telenor Group, and was sold off to the Lebanese ...
. In December 2021, a
New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
investigation found that KT Group had been used by the Burmese military to circumvent sanctions to purchase military equipment and hardware, including the import of aircraft for the Burmese military's fleet, and a coastal radar technology system made by
Thales Thales of Miletus ( ; grc-gre, Θαλῆς; ) was a Greek mathematician, astronomer, statesman, and pre-Socratic philosopher from Miletus in Ionia, Asia Minor. He was one of the Seven Sages of Greece. Many, most notably Aristotle, regarded ...
, which is partially owned by the French government.


References

{{Reflist Conglomerate companies of Myanmar 1956 establishments in Burma