DPRK Business Monthly Volume II, No.12

The DPRK Business Monthly, an international business report edited in Beijing, has been made available to CanKor readers by its editor, Paul White. Check the January 2012 edition here: DPRK Business Monthly January 2012.

Potential investors tour a North Korean garment workshop. (Photo:KCNA)

Titles of articles found in this issue include:

  • AP Opens Pyongyang’s First Full International News Bureau
  • Right and Christian to Build Bridges with NK
  • PRC Likely to Provide Food Aid Soon
  • NGO Initiatives in DPRK
  • NK Like China 30 Years Ago
  • Rodong Sinmun Launches English-language Site
  • A Private Citizen in North Korea by Jack Rosen, chairman of the American Jewish Congress and of the American Council for World Jewry
  • Kwangbok Area Supermarket Opens
  • NK’s Mobile Phone Imports Soaring
  • Pyongyang’s Urban Future
  • Corporate Law Clue to Policy Under Kim Jong Un

…plus a number of articles about the Kaesong Industrial Park, and a selection of North Korean tours by various tour operators.

Comment by the Business Monthly Editor:

The huge leap in mobile phone penetration into the DPRK shows that the government appreciates the value of modern communications in streamlining economic growth. And not just for official purposes; ordinary people are increasingly being seen — as everywhere nowadays — on the street making private phone calls. Foreigners must still surrender their mobile phones at the airport, as well as cameras with a GPS function, but this is for security purposes. A foreigner who wishes to use a mobile phone inside the country may purchase one.

In opening to the outside world, too, Pyongyang is making great strides, with foreign language versions of the Rodong Shinmun now online. Prior to the Internet age, the DPRK trouble getting any of its viewpoints, not to mention propaganda, across to the outside world. The result was sloppy, stereotyped, out-of-date reporting, but that hardly mattered because hardly anybody read it anyway. That picture is changing rapidly, as North Korean content can now be accessed by anybody in the world in the privacy of the home via the Internet, Facebook, Twitter, Youtube, etc. And now that there is a potential daily audience of millions, the presentation is becoming much more sophisticated and up-to-date, and the language — at least the English — is improving.

Lu Guanqiu, CEO of the Wanxiang Group, is right when he says that North Korea is like China 30-odd years ago. He, of course, was talking about investment potential. In another sense North Korea is also like China before the adoption of the latter’s reform policy: China’s economy took off only after the US withdrew its support from the rival regime on Taiwan in 1979 and lifted its embargo on “trading with the enemy (the PRC).”

Please feel free to consult the full issue by clicking on this link: DPRK Business Monthly Volume II, No. 12 January 2012.

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