September 23, 2009

Joint Ventures in North Korea

While the world is primarily preoccupied with the nuclear issue with North Korea and thinks that North Korea is sealed off from the outside world, there are those who argue that North Korea presents good investment and joint venture opportunities (coming from mostly Europeans, reflecting their inroads into North Korea with joint ventures and diplomatic presence, while the US and Japan lag behind). A British businessman residing in Pyongyang and operating joint ventures has this to say:

The DPRK (North Korea) represents one of the last “green field” economies in the world with exceptional investment opportunities. As such it provides an unparalleled opportunity for business professionals who know and understand the risks, the people and the country. As estate agents are fond of saying it is a case of “location, location, location.”
[See more. The photo shows a groundbreaking ceremony of a joint venture in North Korea.]

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