Comments on: Update: 2008 Pyongyang International Trade Exhibition http://www.nkeconwatch.com/2008/05/21/dprk-holds-its-largets-ever-pyongyang-international-trade-exhibition/ News and analysis of the North Korean economy Fri, 09 Jan 2009 09:49:07 +0000 http://wordpress.org/?v=2.3.2 By: North Korean Economy Watch » Blog Archive » “The Economist” on Pyongyang Trade Fair http://www.nkeconwatch.com/2008/05/21/dprk-holds-its-largets-ever-pyongyang-international-trade-exhibition/#comment-68992 North Korean Economy Watch » Blog Archive » “The Economist” on Pyongyang Trade Fair Sun, 01 Jun 2008 17:30:30 +0000 http://www.nkeconwatch.com/2008/05/21/dprk-holds-its-largets-ever-pyongyang-international-trade-exhibition/#comment-68992 [...] For a different perspective, read this post by Dr. Petrov. [...] […] For a different perspective, read this post by Dr. Petrov. […]

]]> By: Leonid Petrov http://www.nkeconwatch.com/2008/05/21/dprk-holds-its-largets-ever-pyongyang-international-trade-exhibition/#comment-66041 Leonid Petrov Wed, 21 May 2008 02:54:42 +0000 http://www.nkeconwatch.com/2008/05/21/dprk-holds-its-largets-ever-pyongyang-international-trade-exhibition/#comment-66041 Among the foreign companies attending the 11th Pyongyang Spring International Trade Fair in the DPRK last week was Phoenix Commercial Ventures Ltd ( www.pcvltd.com ). Representatives from Phoenix Commercial Ventures attended the fair and manned a stand representing member companies of the European Business Association in Pyongyang, together with members of the management team from Sinji JVC and Hana Electronics JVC (joint venture companies formed with Phoenix) and Daedong Credit Bank - Phoenix’s banking partner in the DPRK - (since 2000 Daedong Credit Bank has been 70% owned and managed by a company run by professional fund managers. The remaining 30% is held by Korea Daesong Bank). Nigel Cowie (CEO of Phoenix, General Manager and CEO of Daedong Credit Bank and Vice President of the European Business Association) said: “The trade fair provides an ideal venue and opportunity for companies to showcase their products and services, as well as providing an excellent networking opportunity. Phoenix Commercial Ventures and Daedong Credit Bank are proud to have participated in this regular event, which provides a springboard for economic development and growth". "Although the fair provides the opportunity for participants to establish new contacts for trade relationships, we also wanted to emphasise investment opportunities. Something that is often overlooked is that it is perfectly possible to create and run successful joint ventures in the DPRK. We have shown this with Daedong Credit Bank, which has been operating successfully for 13 years, and with Hana Electronics, which has been doing the same for five years, and are in the process of repeating the process with Sinji JVC, our youngest joint venture,” concluded Nigel Cowie An extensive gallery of photos from the trade fair can be viewed on the Phoenix website www.pcvltd.com (see Photo Gallery). LP Among the foreign companies attending the 11th Pyongyang Spring International Trade Fair in the DPRK last week was Phoenix Commercial Ventures Ltd ( http://www.pcvltd.com ).

Representatives from Phoenix Commercial Ventures attended the fair and manned a stand representing member companies of the European Business Association in Pyongyang, together with members of the management team from Sinji JVC and Hana Electronics JVC (joint venture companies formed with Phoenix) and Daedong Credit Bank - Phoenix’s banking partner in the DPRK - (since 2000 Daedong Credit Bank has been 70% owned and managed by a company run by professional fund managers. The remaining 30% is held by Korea Daesong Bank).

Nigel Cowie (CEO of Phoenix, General Manager and CEO of Daedong Credit Bank and Vice President of the European Business Association) said: “The trade fair provides an ideal venue and opportunity for companies to showcase their products and services, as well as providing an excellent networking opportunity. Phoenix Commercial Ventures and Daedong Credit Bank are proud to have participated in this regular event, which provides a springboard for economic development and growth”.

“Although the fair provides the opportunity for participants to establish new contacts for trade relationships, we also wanted to emphasise investment opportunities. Something that is often overlooked is that it is perfectly possible to create and run successful joint ventures in the DPRK. We have shown this with Daedong Credit Bank, which has been operating successfully for 13 years, and with Hana Electronics, which has been doing the same for five years, and are in the process of repeating the process with Sinji JVC, our youngest joint venture,” concluded Nigel Cowie

An extensive gallery of photos from the trade fair can be viewed on the Phoenix website http://www.pcvltd.com (see Photo Gallery).

LP

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