The two publications deal with changing leadership dynamics and health care for the disabled. Links below…
North Korean leadership dynamics and decision-making under Kim Jong-un: A second year assessment
Ken Gause, CNS
Publiched March 2014
PDF DOWNLOAD
People with Disabilities in a Changing North Korea
Katharina Zellweger, 2011–13 Pantech Fellow, Stanford University
PDF DOWNLOAD
Pictured above (Google Earth): The coal-covered Taean Port on the Taedong River
Who knew that Rodong Sinmun was involved in the coal export business?
According to the Daily NK:
Gwangbokseongdae Co. [광복성대?], a hard currency-earning arm of the operator of the Party daily Rodong Sinmun, recently resumed coal exports through the West Sea port of Nampo, Daily NK has learned. Exports had been halted upon the orders of the Chosun Workers’ Party in October 2013.
The Kim regime is believed to have resumed exports to open up additional flows of hard currency for accounts earmarked for regime maintenance. Coal is one of North Korea’s biggest export industries, with almost all the coal produced in the country sent to China (though a percentage of it is coked and returned for use in North Korean power stations).
A source from South Pyongan Province reported the story to Daily NK on the 3rd, explaining that “Gwangboksongdae Co. has started exporting coal again; it was originally stopped by the Party last October.”
The source then went on to add, “So as to match the timing of [incoming] vessels and increase export volumes, the company is leasing its trucks to people.”
“It costs US$350 per day to lease the trucks. They travel from storage yards [owned by people who lease land from farms and use it for the storage and sale of coal] in mining areas of South Pyongan Province to Daean Port in Nampo. Vessels start coming in March, so leased trucks are again transporting coal for export.”
Companies exporting coal to China must have an export trade license from the North Korean authorities. Then they can use planned exports to China as security against the cost of leasing the trucks. From the point of view of the company, subcontracting in this manner, a practice that began in the mid-2000s, makes more sense than employing drivers directly.
There are many conditions attached to truck rental from Gwangboksongdae Co., however. According to the source, not only must lessees prove that they have $3000 with which to purchase coal; they must also have ten years of trucking experience and, of course, good connections in the Central Party.
But it is worth it. “The original price of a ton of coal is roughly $12,” he said. “This can then be sold at the storage yards in Nampo and Taean Port for $32, giving the driver a clear profit of $20 on each ton. If he carries an average load of 30t, he will earn $540. If we factor in the lease fee of $350 and cost of fuel, there is around $100 left per load.”
“Normally, drivers make around three trips per week,” he went on. “But truck repair costs are born by the lessee. If a vehicle is damaged, the lessee ends up with a significant burden as they can be held liable for compensation.”
According to trade statistics compiled by the Korean International Trade Association (KITA) in January 2014, North Korea exported 16.5 million tons of anthracite to China in 2013. This total, which marked a year-on-year increase of 39.7%, brought in approximately US$ 1.373bn, a 15.5% increase over 2012.
Read the full story here:
Trucks for Rent as Coal Exports Soar
Daily NK
Seol Song Ah
2014-4-3
UPDATE 1(2014-4-5): According to VOA and Yonhap, the DPRK has submitted a report to the UN World Health Organization for Animal Health (OIE) on the outbreak of FMD:
The Voice of America (VOA) said that Pyongyang submitted a report to the World Organization for Animal Health (OIE), saying that the disease broke out at a cow farm in Cholwon county of Kangwon Province, near the boarder area with South Korea, on March 14.
Nine cows out of 52 were infected with FMD, and one of them died, it added.
It is the first time for North Korea to report FMD in cows. It has notified OIE of outbreak of FMD in pigs in February.
Last week, the U.N. Food and Agriculture Organization (FAO) said the foot-and-mouth disease in North Korea had spread fast, infecting four cows near the border with South Korea.
According to the VOA, the United States, Canada and Mexico will consider providing vaccination to help North Korea upon its request.
ORIGINAL POST (2014-4-3): According to Yonhap:
The U.N. Food and Agriculture Organization (FAO) plans to provide US$400,000 to North Korea to help eradicate the rapidly spreading foot-and-mouth disease there, a U.S. radio report said.
…
The FAO also plans to send quarantine officials to North Korea after finalizing its aid program there, the VOA said.
Foot-and-mouth disease is an infectious and sometimes fatal disease that affects cloven-hoofed animals such as pigs, cattle, deer and sheep.
In February, the North’s state media reported that the country had culled 2,900 pigs as a preventive measure to stop the spread of the disease and buried about 360 others that had died from the disease.
Last week, the FAO said the foot-and-mouth disease in North Korea has spread fast, infecting four cows near the border with South Korea, according to the VOA.
Still, North Korea remained mum for over a month on South Korea’s offer of assistance to contain foot-and-mouth disease.
The North’s silence comes amid tensions on the Korean Peninsula over the exchange of fire by the rival Koreas across their disputed western maritime border, as well as Pyongyang’s threat of a nuclear test.
Pyongyang has also threatened to carry out a “new form” of nuclear test in anger over a United Nations condemnation of its recent ballistic missile launches. North Korea conducted nuclear tests in 2006, 2009 and 2013, drawing international condemnation and U.N. sanctions.
South Korea has vowed to continue humanitarian assistance to the North regardless of political tensions.
Read the full story here:
U.N. to provide US$400,000 to N. Korea over FMD: report
Yonhap
2014-4-3
Institute for Far Eastern Studies (IFES)
2014-4-3
In order to solve the nation’s chronic energy shortage, North Korea has been focusing on the development and utilization of science and technology as much as possible. Recent technological advancements are being reported one after another, and further development of alternative energy sources has resulted in technology that will reduce the nation’s oil and fossil fuel consumption.
The Choson Sinbo, a news outlet published by the pro-North Korean General Association of Korean Residents in Japan, reported on March 22 that the research staff of North Korea’s National Academy of Sciences contributed to a reduction in coal consumption by successfully developing and implementing the use of compressed biomass fuel in several factories in Pyongyang. The article also reported the invention of a new navigation program at Pyongyang Machinery College that searches for and displays the shortest possible routes between destinations. Transportation facilities in Pyongyang are said to have seen a 5 to 10 percent savings in fuel consumption since the introduction of the program.
Earlier this month, the Choson Sinbo also reported that the urban management division at the Central Heating Research Institute developed a new, more efficient solar heating system that has already been installed in homes along Pyongyang’s Kwangbok Street. The new system utilizes the leftover water heated during the day to provide warmth for homes at night, and, unlike the previously used system, can do so without consuming electricity.
Such efforts to mobilize domestic natural resources can be interpreted as an earnest attempt at solving the nation’s chronic energy shortage. In his new year’s address, Kim Jong Un emphasized the need to more effectively utilize domestic natural resources such as wind, geothermal, solar, and especially hydro power to remedy the nation’s electricity shortage.
He also stressed the need to endure the struggle to save energy with strength and resolve, calling on all sectors of the economy to conserve each and every watt of electricity, gram of coal, and drop of water where possible. Although North Korean efforts to solve the nation’s energy shortage have been ongoing for some time, the regime seems to be putting additional weight on the role of science and technology.
This call for technological development, with particular regard to alternative energy, is directly connected to Kim Jong Un’s preferential policy toward scientists and technicians. The best example of this can be seen in the construction of Unha Scientists’ Street, a housing complex built in September of last year specifically for personnel who have contributed to missile and nuclear tests and additional construction has begun for Satellite Scientists’ Street which will serve as a residential and research complex for the scientists of North Korea’s national satellite program. The construction of these sites shows that the regime understands the importance of science and technology in raising the efficiency of not only the energy sector, but also the North Korean economy. Furthermore, this move stems not only from the preferential policy toward scientists and technicians, but from the larger context of reforming the nation’s educational system.
Here is a December 2013 satellite image of the renovation (currently under way):
My comments are in this NK News article…
For real.
This is the second best name for a space agency after “NOVA”.
Joshua Pollack’s response: “NADA to Envy”.
Chris Green’s response: “Not A Defense Agency. Not Actually a Defense Agency. Nothing About Defense at All. Etc.”
Read more in Rodong Sinmun here.
Here is coverage in KCNA:
National Aerospace Development Administration of DPRK
Pyongyang, March 31 (KCNA) — It was one year ago that the DPRK Law on Space Development was adopted at the Seventh Session of the 12th Supreme People’s Assembly.
The DPRK has pushed ahead with space development projects to turn the country into a space power, fully exercising its right to peaceful development of the space on a legal basis.
The National Aerospace Development Administration (NADA) is the country’s central guidance institution organizing all the space development projects.
Its mission is to put into practice the idea and principle of the DPRK government to develop the space for peaceful purpose.
The emblem of the NADA was recently instituted, which represents its character, mission, position and development prospects.
Seen in the lower part of the globe-shaped dark blue emblem are white-colored letters “Kukgaujugaebalkuk” (National Aerospace Development Administration) in Korean and in its upper part light blue-colored letters “DPRK” with the Great Bear above them. Printed in its middle are white-colored letters “NADA” in English.
Two light blue-colored rings intercrossing the emblem symbolize satellite orbits.
The Great Bear reflects the will of the space scientists of the DPRK to glorify Kim Il Sung’s and Kim Jong Il’s Korea as a space power.
The globe represents the DPRK’s idea for peaceful development of the space and the rings show the DPRK’s will to launch satellite into all orbits.
Stipulated in the Law on Space Development are the principles of developing the space for peaceful purpose on the basis of adhering to the principle of Juche character and self-reliance, as well as settling the scientific and technological problems necessary for improving the economy and the people’s living with space science and technology.
The law also specifies the position of the NADA and the principles of notification, security, investigation and compensation related with satellite launch.
The law calls for cooperation with international agencies and other countries on the principle of ensuring equality and mutual benefits, respecting international law and orders for the space.
Clarified in the law is also the DPRK’s principled stand to reject the application of selectivity and double-standards in space activities and the weaponization of outer space.
Here is coverage in the Wall Street Journal.
What are the opportunities? Rason port, Iron Silk Road (Rail), Kaesong Industrial Complex, gas pipeline.
According to RIA Novosti:
Russia and North Korea have signed a new protocol to transition to using the ruble for payments between the two countries as part of an effort to boost annual bilateral trade to $1 billion by 2020, Russia’s Far East Development Ministry said Friday.
The announcement came as Russian officials have expressed a desire to explore new markets for the country’s businesses, following the introduction of sanctions by the West in reaction to Moscow’s stance over Crimea. Russian leaders have simultaneously reassured international investors the country remains open for business, and there are no plans to restrict international commerce.
The protocol announced Friday came following a visit of a Russian delegation to the Asian country for a meeting of a standing bilateral commission, timed to mark the 65th anniversary of a cooperation agreement between the Soviet Union and North Korea.
The parties agreed to move towards settling payments in rubles as well as adopting further measures to boost bilateral trade, including easing visa procedures and providing for Russian access to proposed special economic zones in the country, the ministry’s statement said.
The ministry reaffirmed the countries’ mutual interest in joint projects with South Korea, including international connections for railways [Iron Silk Road], gas pipelines and power lines.
The Russian delegation also proposed the entry of Russian businesses into the Kaesong Industrial Park, a special economic zone in North Korea just north of Seoul where South Korean companies are allowed to employ northern workers.
The two sides identified areas for further cooperation, including a transshipment complex at the port of Rason and technical cooperation for the modernization of North Korea’s mining sector, automobile industry and electric power plants.
According to the statement, during the talks Russian Far East Development Minister Alexander Galushka emphasized that achieving such goals would only be possible if stability is maintained on the Korean peninsula.
The next meeting of the bilateral commission is scheduled for June in Russia’s far eastern Vladivostok.
Here is what Yonhap reports:
North Korea and Russia have agreed to boost economic ties by pushing for trilateral projects involving South Korea, including a plan to support Russian companies’ entry into an inter-Korean industrial complex, a media report said Saturday.
The agreement between the two was made earlier this week when Russia’s Far East Development Minister Alexander Galushka visited the North for a five-day run until Friday to explore ways to boost bilateral economic cooperation, according to the Russian news agency RIA Novosti.
“The Russian delegation proposed the entry of Russian businesses into the Kaesong Industrial Park, a special economic zone in North Korea just north of Seoul where South Korean companies are allowed to employ northern workers,” the RIA Novosti reported, citing the ministry.
…
Officials of Seoul’s unification ministry, which handles inter-Korean affairs, welcomed the agreement between the North and Russia, while stressing the importance of Russia’s prior consultation with the South.
“Russian companies’ making inroads into the Kaesong park is desirable in terms of the internationalization of the complex … It would also prevent the North from unilaterally reversing its agreement with Seoul over the Kaeesong operation,” the ministry official said, requesting anonymity.
Internationalization of the enclave, a symbol of inter-Korean detente, is one of the key topics for inter-Korean meetings aimed at ensuring its normal operations and further invigorating the complex. The Kaesong park resumed operations in September, more than five months after the North unilaterally closed it in anger over Seoul-Washington joint military exercises.
“But it is crucial for Russia to discuss the matter with our side first as it is basically operated by the South Korean authorities,” he added.
A handful of companies from China, Australia and Germany have so far expressed interests in making an investment in the Kaesong complex, prompting the Seoul government to review holding joint presentation sessions with the North to lure investors from overseas, according to another ministry official.
Here is additional information from Yonhap on recent shipments from Russia to the DPRK:
Russia exported US$21.16 million’s worth of jib cranes, machinery used mostly for cargo handling at ports, to North Korea last year, accounting for nearly 22 percent of its total exports to the North, according to the report by the Korea Trade-Investment Promotion Agency (KOTRA). The amount surpasses that of Russia’s traditional export goods such as coal, petroleum and bituminous oil.
There were no records of the machines being exported to North Korea the year before, with the 2011 amount standing at $139,000.
North Korea and Russia maintain economic relations that include a project that would make North Korea’s northeastern port city of Rajin a logistics hub by connecting it to Russia’s Trans-Siberian Railway. North Korea is said to have agreed to a long-term lease of the No. 3 dock at Rajin port to Russia and that it is modernizing facilities there. The cranes may be for such modernization efforts, the KOTRA report said.
Also noteworthy is Russia’s exports of ambulances to the North, amounting to approximately 10.1 billion won ($9.45 million), the fourth largest in terms of value. Ambulances are a relatively new product on the trade list.
KCNA’s reporting of the meeting was much more muted:
DPRK Premier Meets Minister of Development of Far East of Russia
Pyongyang, March 26 (KCNA) — Pak Pong Ju, premier of the DPRK Cabinet, met Alexandr Galushka, minister of the Development of Far East of Russia who is chairman of the Russian side to the Inter-governmental Committee for Cooperation in Trade, Economy, Science and Technology between the DPRK and Russia, and his party.
He had a friendly talk with them who paid a courtesy call on him at the Mansudae Assembly Hall on Wednesday.
Minutes of Talks between Governments of DPRK, Russia Signed
Pyongyang, March 26 (KCNA) — Minutes of talks on cooperation in trade, economy, science and technology between the governments of the DPRK and Russia were signed here Wednesday.
Present at the signing ceremony were Ri Ryong Nam, minister of Foreign Trade who is chairman of the DPRK side to the Inter-governmental Committee for Cooperation in Trade, Economy, Science and Technology between the DPRK and Russia, and officials concerned, Alexandr Galushka, minister for the Development of Far East who is chairman of the Russian side to the Inter-governmental Committee, and his party and Alexandr Timonin, Russian ambassador to the DPRK.
Ri Ryong Nam and Alexandr Galushka signed the minutes of the talks.
Read the full story here:
Russia, North Korea Agree to Settle Payments in Rubles in Trade Pact
RIA Novosti
2014-3-28
N. Korea, Russia to discuss supporting Moscow firms’ advance into Kaesong park
Yonhap
2014-3-29
Institute for Far Eastern Studies (IFES)
2014-3-27
It has been confirmed that many major universities in North Korea, including Kim Il Sung University, have recently established new departments relating to business and economics. Under the Kim Jong Un regime’s national goal of constructing an economically powerful nation, the addition of these business-related departments can be interpreted as a move to develop and foster the training of individuals who will lead North Korean economic development.
The Choson Sinbo, a news outlet published by the pro-North Korean General Association of Korean Residents in Japan, introduced some of these newly established departments in an article on March 22, 2014, stating that steps are being taken to strengthen the nation’s higher education system.
According to the newspaper, a department for International Economics has been opened at Kim Il Sung University, and the Pyongyang Jang Chol Gu University of Commerce now offers newly established programs in Hotel Management and Hotel Services. Additionally, the Jong Jun Taek University of Economics (formerly known as the Wonsan University of Economics) has installed several new departments, such as Tourism Economics, Insurance Studies, Pricing Studies, and Economic Law.
The addition of these international business, hotel and tourism departments stands out as part of North Korea’s recent efforts to strengthen their economy through the attraction of foreign investments and the development of the tourism industry.
The Choson Sinbo also stated that universities in the rural areas have changed their names to better suit the different types of scientists and technicians that they are training. For example, Sinuiju Light Industry University is now known as the Pyongbuk Institute of Technology, and Haeju Light Industry University has changed its name to the Hwangnam Institute of Technology.
This can be interpreted as a movement to promote “balanced growth” by creating a focal point for the development of talented individuals not only in light industry, but across all fields and industries. It is expected that these individuals will take the lead in developing the economies of North Korea’s rural regions.
Other newly emerging departments include Computer Hardware Engineering and Intelligence Engineering Program at Pyongyang University of Computer Technology, Geothermal Engineering at Pyongsong Coal Industry College, and Forest Construction and Heating Systems at Hamhung Hydrographic and Power College. Other additional departments include the Industry of Fine Arts and Commercial Fine Arts at the Pyongyang University of Printing Engineering, and various medical schools have seen the creation of a Recovery Medicines department.
The addition of these departments is a reflection of North Korea’s recent emphasis on the development of renewable energy systems and industrial design, such as geothermal heat.
The Choson Sinbo added that North Korea has also expanded its distance learning system, utilizing their information network to establish cyber colleges at Kim Il Sung University, Pyongyang University of Architecture, and Wonsan University of Agriculture this past January. Additional departments for distance learning were also reported to have been established at the Kim Hyong Jik University of Education.
According to the newspaper, distance learning is being developed for all classes of workers, and it is expected to revitalize the industry by fostering the growth of talented individuals from many fields, including agriculture and construction.
According to Yonhap:
The North brought in 13,769 tons of Chinese fertilizer in February, a whopping 13 times more than some 1,064 tons from a year earlier, according to the data compiled by the Korean Rural Economic Institute (KREI).
In the first two months of the year, Pyongyang imported 48,882 tons of Chinese fertilizer, which is far higher than 1,066 tons from the same period a year earlier, the data showed.
“The 2013 figure is unprecedented, as the North used to buy a limited amount in the winter season. It seems to be very proactive in securing fertilizer long ahead of its usual schedule, and that indicates farm output improvement is its top priority,” said KREI researcher Kwon Tae-jin.
In his New Year’s message, the North’s young leader Kim Jong-un stressed boosting food production, saying all efforts “should go for agriculture … in order to build a strong economy and to improve the people’s livelihoods.”
Last year, Pyongyang bought a total of 207,334 tons of fertilizer from China, down by 18 percent from the previous year.
Additional Information:
1. The United Nations and South Korean government have reported that domestic gain production is up in 2013.
2. The DPRK has also increased food imports from China in 2013.
3. Food aid from UN was down in 2013.
4. Food prices fell in last year. DPRK won appreciated in last year.
5. Kim Jong-un’s speech to subworkteam leaders.
7. Scott Snyder on DPRK-China trade.
Read the full story here:
N. Korea’s fertilizer imports from China soar in Feb.
Yonhap
2014-3-28
According to Naenara, Choe Hyon Chol is the section chief of the State Economic Development Commission (SEDC). He has previously been identified as a director of the Korean Association of Economic Development. In a recent interview with Naenara, he discusses the benefits of investing in the Rason Economic and Trade Zone.
Before getting to the interview, however, it is worth noting that the Rason Economic and Trade Zone was set up before the creation of the State Economic Development Commission and it was “controlled” by Jang Song-thaek. Since Jang’s purge, it appears that Rason (and probably Hwanggumphyong) have been moved to the SEDC’s portfolio–that is, under the control of the cabinet.
Here is the interview:
Reporter: Would you please give me a briefing on the Rason Economic and Trade Zone that is now under development.
Choe: As you know, northeast Asia becomes one of the global development regions with a great potentiality, for the countries in this region have comparative advantages in respect of availability of production factors such as economic conditions, natural resources and economic and trade relations.
The Rason Economic and Trade Zone, situated on the western shore of the lower Tuman River in the northeastern part of Korea, borders on China and Russia, and Japan with the sea on the east. Its geographical location offers immense economic and traffic advantages as a transportation hub as well as a bridgehead of the continent.
Occupying an area of 470 km2, it has Rajin Port with an annual handling capacity of 3 million tons of cargoes, Sonbong Port with a handling capacity of 2 million tons of oil and Ungsang Port with a handling capacity of 600 000 m3 of timbre. The sea off the ports is deep and not frozen even in winter.
Rajin Port, in particular, has favourable conditions for creating cargo handling capacity of over 100 million tons without building a breakwater thanks to the Taecho and Socho islands in front of it.
The zone has also advantageous traffic connections with neighbouring countries.
Rajin-Wonjong class-B road (51 km), Rajin Port-Tumen railway (158 km) and Rajin Port-Khasan railway (51 km) are under construction or nearing completion.
The Rason Economic and Trade Zone is endowed with abundant tourist resources such as beautiful seascape, lake and bathing resorts, and 20-odd islands including Pipha, Taecho, Socho and Al islands.
In view of these favourable geopolitical and economic conditions, the DPRK government declared Rason city as an economic and trade zone on December 28, 1991 and held an international investment seminar with participation of entrepreneurs from 27 countries under the sponsorship of the UNDP and UNIDO in September 1996. It also raised Rason city to the status of special city on January 4, 2010 and agreed with China on the issue of joint development and management of Rason Economic and Trade Zone and Hwanggumphyong-Wihwado Economic Zone in May 2010.
In November 2010 the DPRK and the Chinese governments signed the Agreement on Joint Development and Management of Rason Economic and Trade Zone and Hwanggumphyong-Wihwado Economic Zone and organized the DPRK-China Joint Guidance Committee. The second session of the committee was held in June 2011 in Yanji, Jilin Province, China and its third session in August 2012 in Beijing. Besides, both governments concluded the agreement on establishment and operation of management committee for Rason Economic and Trade Zone, the master plan for DPRK-China joint development of the zone, the framework agreements on investment in ports, industrial districts and power transmission within the zone and investment and cooperation for construction of a new border bridge between Wonjong and Quanhe, the agreements on investment and cooperation for a high-efficiency agricultural model district and investment and cooperation for building-materials industry and the master plans for Sonbong-Paekhak industrial district and Rajin port industrial district.
The development of the zone in which a hundred and scores of businesses from different countries of the world are now active is in its initial stage but the number of potential investors with exceptional interests in the zone is increasing as days go by.
Reporter: How is the present state and prospect of the zone?
Choe: I shall begin with the progress of city construction.
The city is divided into residential quarters, industrial district and traffic junction district. The residential quarters consist of economic and trade area and peripheral area; the economic and trade area is subdivided into Rajin, Sonbong, Ungsang, Kulpho-Uam and Chonghak areas and the peripheral area into Tumangang, Hongui, Wonjong and Huchang areas. The industrial area embraces Changphyong, Yokjon, Chonggye, Sinhung, Tongmyong, Namsan and Andong areas.
The traffic junction district includes Rajin, Sonbong and Ungsang ports, Rajin, Ungra and Sonbong railway stations and Chongjin-Wonjong and Chongjin-Tuman River roads.
The Rajin Port, a transit trade port, is the hub of international cargo transit transportation and transport of exports and imports of entrepreneurs who invested in the zone.
The port has assignments to transport marine products for export from the East Sea of Korea and every kind of cargoes from and to northeast area of China and Far East Region of Russia.
The Rajin Port consists of three wharves; wharf No. 1 is designed to be renovated and operated by China Dalian Chuang Li Co., Ltd. and wharf No.3 by Rason International Container Transport J. V. Company to be set up according to the contract with Russian Rail Trade Co., Ltd.
The project of Rajin-Wonjong road started in April 2011 and completed in October 2012, and the power transmission project is now under way.
Currently, three railways run through Rason.
In the whole section of the Pyongyang-Tumangang line, standard gauge track
(1,435 mm) is laid from Pyongyang to Rajin and combined-gauge track with standard gauge and broad gauge (1 520 mm) from Rajin Railway Station to Tumangang Railway Staion, leading to Khasan Railway Station.
The updating project of Rajin-Namyang railway has been agreed with China in October 2012 and the construction of Sonbong-Paekhak industrial district, building materials industrial district, high-efficiency agricultural model district and Wonjong-Quanhe border bridge is in full swing.
When the construction projects of power line, railways, ports and border bridge are brought to completion, the Rason Economic and Trade Zone will be turned into a promising economic and trade zone of the world standard.
Next, tourism is booming in this zone.
Rason has eight bays and 21 islands, big and small.
There are Pipha, Chujin and Kalum Headland tourist attractions furnished with hotels, restaurants and sea bathing grounds along the coast.
Rason abounds in natural monuments, mineral water, spring water and marine products, and sea birds and coastal scenery strike tourists with admiration.
As mentioned above, the Rason Economic and Trade Zone is a special economic zone equipped with all conditions favourable for preferential trade and investment, transit transportation, tourism and financial and service businesses.
The DPRK government is constantly encouraging foreign investors to invest in intermediate trade, industry, agriculture, construction, transport, communications, science and technology, tourism, service and finance.
Today the development prospect of the zone is optimistic.
We are looking forward to an active investment in development projects of the zone, promising high profit with small investment.
Reporter: Thank you for kind explanation.
State Economic Development Commission of the DPRK
