DPRK Business Monthly Volume III, No.7

The DPRK Business Monthly, an international business report edited in Beijing, has been made available to CanKor readers by its editor, Paul White. Please check the  current August 2012 edition here: DPRK Business Monthly Vol III, No.7

China-made machinery on display at the Second Rason International Trade Fair [Photo: AP]

Titles of articles found in this issue include:

  • Rason Holds 2nd International Trade Fair
  • Vatican Body Delivers Food Aid to NK
  • Pyongyang University Wants ROK Teachers
  • Rare Earths Bankroll North Korea’s Future
  • Kaesong Industrial Park’s Output Up 23%
  • Rason to Get International Trade Center
  • Special Supplement – Inside the Hermit Kingdom: IT and Outsourcing in North Korea

…plus a number of other items, including a selection of North Korean tours by various tour operators.

Comment by the Business Monthly Editor:

The article by Leonid Petrov (see above) gives penetrating answers to several questions that have had other North Korea-watchers scratching their heads about for some time. One is, how has the DPRK managed to not only survive sanctions on its international trade without collapsing, but to “show steady signs of economic growth”? The answer is that North Korea is richly endowed with minerals the rest of the world is eager to get hold of — especially rare earth metals.

As China, which controls over 95% of the latter, puts restrictions on its exports of REMs North Korea becomes an attractive supplier. This is all the more so because the country is eager to diversify its customers. Even the government of Lee Myung-bak in the South, despite its anti-North-trade stance, has had to allow ROK business representatives to approach their Northern counterparts about graphite and REM deals.

As Petrov points out, exports of minerals may allow the DPRK to become a “rich and prosperous state” without any serious destabilization of its traditional economy, the international cooperation needed for developing the North’s minerals sector would contribute to peace in Northeast Asia, and, with more equal economies and incomes in the two halves of the divided peninsula, there would be bright prospects for exchanges and a lowering of tensions between the ROK and the DPRK.

Please feel free to consult the full issue by clicking on this link: DPRK Business Monthly Vol III, No.7

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