Archive for the ‘Jagang Provincial Wiwon industrial development zone’ Category

Master development plans [for EDZs] begin to work

Tuesday, January 6th, 2015

According to the Pyongyang Times (2015-1-6):

The development of EDZs (economic development zones) is going full steam ahead in the country after the publication of decrees on the establishment of economic development zones in provinces by the Presidium of the Supreme People’s Assembly on November 21 2013 and July 23 2014.

EDZ is a special economic zone in which preferential treatment is given to economic activities pursuant to the DPRK law on economic development zones.

After the publication of the decrees, provincial people’s committees began to work out master plans for economic development zones and create environment for investment.

As a result, master plans for such development zones have been approved by provincial people’s assemblies including the Amnokgang economic development zone in North Phyongan Province, Manpho economic and Wiwon industrial development zones in Jagang Province, Sinphyong tourism development and Songnim export processing zones in North Hwanghae Province, Hyondong industrial development zone in Kangwon Province, Hungnam industrial and Pukchong agricultural development zones in South Hamgyong Province, Chongjin economic, Orang agricultural and Onsong island tourism development zones in North Hamgyong Province, Hyesan economic development zone in Ryanggang Province, Waudo export processing zone in Nampho City, and Chongnam industrial and Sukchon agricultural development zones in South Phyongan Province.

Master plans for other development zones are being worked out at the final stage.

With master development plans approved, provincial people’s committees are now working to attract more foreign investors and developing businesses to cooperate with their projects.

In October last year the Russian minister of Development of Far East visited the Chongjin EDZ together with Russian businesspersons to check the state of development and discuss matters of investment and development with officials concerned of the North Hamgyong Provincial People’s Committee.

Cooperation is being stepped up with Chinese businesses in the Onsong island tourism development zone in the wake of the opening ceremony of tourism in the Chongsu tourism development zone in Sakju County, North Phyongan Province in October last year.

Governments of some Southeast Asian nations are showing particular interest in the investment in the Sukchon agricultural development zone in South Phyongan Province.

Preparations are expected to be made for receiving investment in the development zones and the EDZs offer preferential treatment to developing businesses and investors with independence in management.

Management agencies are being set up in EDZs, experts needed for the development of these areas trained in universities in Pyongyang and provinces and technical personnel dispatched to other countries for practice.

Brisk activities for the development of EDZs in provinces across the country are attracting growing interest of experts and investors in many countries of the world, especially Asia-Pacific and Southeast Asian nations.

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EDZs to be set up in northern area

Saturday, April 26th, 2014

According to the Pyongyang Times (2014-4-26):

Amid steady efforts to establish and develop unique economic zones in line with the specific conditions of each province, two economic zones are in the making in the border area in Jagang Province.

The province in the northwestern part of the country adjoins China with the Amnok River in between.

The Jagang Provincial People’s Committee is planning to set up an economic development zone in Manpho City and an industrial development zone in Wiwon County by taking advantage of the favourable geographical environment and exploitable resources.

Manpho is opposite Jilin Province of China over the Amnok.

It is blessed with cultural relics.

In Segom-dong there are the site of Segom Pavilion, Mangmi Pavilion built in 1436 and a 1 200-metre-long stone wall around the town of Manpho.

The site of Segom Pavilion is on the natural rock on the cliff, 100 metres above the water surface of the Amnok and facing the river. The pavilion was built during the feudal Joson dynasty (1392-1910) and burnt down by the Japanese imperialists in 1938 before Korea’s liberation. As the place commands a marvellous view it has been known as one of eight scenic spots in the northwestern region of Korea since olden times.

There are Kosanjin Fort and a group of graves in Kyongsong Valley, which were built during the feudal Joson dynasty, in Kosan-ri, menhirs from the period of Koryo (918-1392) in Mitha-ri and stone graves in Munak-dong.

There are mineral springs good for the treatment of various diseases including gastric disorders in Yonha- and Mitha-ri.

The Manpho Economic Development Zone covers an area of about 3 square kilometres embracing parts of Mitha-ri (Poltung Islet in the Amnok River included) and Phosang-ri which face Jian in Tonghua of Jilin over the river.

It is 8-18 km from the DPRK-China border bridge of Manpho, 70 km from that of Wiwon, 165 km from that of Junggang and 8-18 km from the border railway station of Manpho. There are railway lines between Manpho and Pyongyang and between Manpho and Hyesan, and Jian Railway Station in Jilin on the opposite side leads to Changchun via Tonghua.

Power and water supplies are satisfactory as the zone is located 14 km from the Jangjagang Power Station with a capacity of 90 000 kW and 15 km from the Manpho Yonha Power Station with a capacity of 10 000 kW and the water source of the Amnok River is plentiful.

An international service base combining tourism and trade will be built in the Mitha-ri area comprising Poltung Islet by exploiting cultural relics and tourism resources and a modern agricultural base incorporating the food production cycle in the Phosang-ri area.

Wiwon County is opposite Northeast China over the Amnok River.

It is rich in mineral deposits including white silica.

Forests account for 87 per cent of the area of the county and so it is a leading timber production centre.

The county’s water system is comprised of the Amnok, Jangja and Wiwon rivers and Wiwon Reservoir.

The Wiwon Industrial Development Zone also covers an area of nearly 3 square kilometres encompassing the shores of the Wiwon River, a tributary of the Amnok, and Wiwon Reservoir, and parts of Togam- and Kosong-ri in the county opposite China’s Jian.

It is 20 km from the Wiwon Power Station with a capacity of 390 000 kW and 25 km from the Manpho Yonha Power Station.

In and around the zone there are metallic silicon factories that turn out ferrosilicon and other metallic silicon.

It has a favourable condition for entry and exit and transport of imports and exports as it is 20 km from the point of border transit in Wiwon, 80 km from that in Manpho and 180 km from that in Junggang.

The zone will mainly specialize in processing minerals, timber and local farm products and manufacturing machinery on the basis of rich natural resources while engaging in scientific research into sericulture and freshwater fish farming.

Plans of the development zones have already been completed and investors are making field surveys.

 

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The aim of North Korea’s economic development zone: Regional balanced development and improvement of people’s livelihoods

Friday, December 6th, 2013

Institute for Far Eastern Studies (IFES)
2013-12-06

North Korea is pushing ambitious development of local economic development zones, purportedly with the aim of promoting balanced development of the local economy and improving the lives of ordinary people.

On November 29, 2013, the Choson Sinbo, a pro-North Korean newspaper based in Japan, reported details of North Korea’s proposed 13 economic development zones (EDZs) by province, including the characteristics of the plans, goals, and outlook. It specified that the main objectives of this project are to promote a “balanced local economy development and improve the lives of residents.”

To enhance the effectiveness of the EDZs, each region’s characteristics were incorporated into the development strategy.

The existing Rason and the Hwanggumpyong Special Economic Zones are comprehensive and large in scale, covering production and processing, transport, commerce, and tourism sectors. The local-level EDZs, on the other hand, reflect each area’s local economy and culture and more narrowly focus on local industries.

For example, the EDZ slated for Pukchong in South Hamgyong Province is an agricultural zone; Onsong in North Hamgyong Province is for island tourism; and Waudo in Nampo City is an export processing zone. He one reflects its region’s characteristics.

The (North) Korean Association of Economic Development Director Yun Yong Sok, who is in charge of attracting investment from foreign companies, said, “By integrating the unique features of each region, it can benefit the local economy through acquiring necessary technology for the development and also earn foreign currency contributable to improving the lives of the people.”

He also said that “The goods produced in the EDZs will be exported to other countries but at the same time will be able to meet domestic demand,” and “the development of EDZs will center on the border areas adjacent to China and Russia.”

In addition, each province was encouraged to develop plans according to the region’s environment and apply to the People’s Committee in each province. Plans were then sent to the State Economic Development Commission for in-depth deliberations.

North Korea has upgraded the State Economic Development Commission (from its previous designation as the State Economic Development Board) in October 2013 to become a direct mechanism under the Cabinet that oversees the establishment and management of EDZs.

This commission is responsible for developing national strategies relevant to special economic zones such as selection process of provincial EDZ establishment, preparation to state evaluation, modification and supplementation of laws and regulations, and the entire process for implementation.

As predicted by Ri Sun Chol, International Economic Relations Research Director at the Economic Institute in the Academy of Social Sciences, “Once the economic development zones are established in each province, it will greatly expand the breadth of the foreign economic cooperation and will provide a fundamental opportunity to invigorate investment activities.”

The Choson Sinbo reported that while some might take a pessimistic outlook on the new EDZs, the new project is attracting interests from various countries such as Hong Kong and Singapore, and the local and central governments are working closely to promote this project.

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