DPRK Business Monthly Volume III, No.5

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 June 2012 edition here: DPRK Business Monthly Vol III, No.5

Titles of articles found in this issue include:

In Chiba in 1991 Hyun Jung-hwa of the ROK (right) and Li Bun Hui of the DPRK formed a

In Chiba in 1991 Hyun Jung-hwa of the ROK (right) and Li Bun Hui of the DPRK formed a joint Korean team. The pair won the female finals by defeating China.

  • China Offers Work Visas for 40,000 N.Koreans
  • UN Report Highlights Plight of NK Children
  • Politics Hampering UN Aid Efforts
  • Female Participation in North Korea’s Business Sector
  • Table Tennis Player Sees Opportunity for Unity
  • NK Could Be Major Carbon Credit Player
  • Visa-free Access to Yalu River Zone

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

Comment by the Business Monthly Editor:

China’s issuance of 40,000 work visas, and perhaps more in the pipeline, to North Koreans is a step in the right direction. It is well attested that the vast majority of North Koreans who have fled their homeland since the famine of the 1990s (the “Arduous March”) have been economic migrants seeking a better life, not political refugees, of whom only a handful were recorded in the previous four decades. The deal apparently came about as a result of a request by the DPRK’s new leader Kim Jong Un. Now, those who wish to do so will be able to legally work in China — as many already do in Russia — and send money (the Renminbi yuan is regarded as a hard currency in NK) and food home, avoiding falling into the hands of human traffickers and being smuggled into South Korea, where their lot is not a happy one. This will reduce the profits of this evil trade, and help the Chinese police crack down on the gangsters and rescue their victims.

It will also take the wind out of the sails of those who claim that North Koreans flee and fall prey to the traffickers because Pyongyang doesn’t allow them to leave.

Please feel free to consult the full issue by clicking on this link: DPRK Business Monthly Vol III, No.5

DPRK Business Monthly Volume III, No.4

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 May 2012 edition here: DPRK Business Monthly Vol III, No.4

Kim Yong Nam, head of the DPRK's Southeast Asia delegation [Photo:KCNA]

Kim Yong Nam, head of the DPRK’s Southeast Asia delegation [Photo:KCNA]

Titles of articles found in this issue include:

  • Can Singapore Be Economic Model for NK?
  • China’s Jilin Province Speeding Up Border Projects
  • Various NK Bodies Competing for Investments
  • Change is Around the Corner for the DPRK
  • Will NK’s Plans for Foreign Investment Make it a Prosperous Nation?
  • Pyongyang Holds 13th Spring Trade Fair
  • Tanchon Port Completed
  • Rason to Host Second Int’l Trade Exhibition

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

Comment by the Business Monthly Editor:

May has been a good month for debunking misconceptions about the DPRK. First of all, the story that during the “sunshine” years of ROK presidents Kim Dae-jung and Roh Moo-hyun the South delivered “handouts” of free food to the North and got nothing in return has turned out to be untrue. The fact is that the North received a low interest loan from South Korea’s state-owned Export-Import Bank to buy the food. Read the rest of this entry »

DPRK Business Monthly Volume III, No.3

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 out the full text of the April 2012 edition here: DPRK Business Monthly April 2012

Huichon power station in Jagang Province, DPRK, has started operations on 6 April 2012 to help ease electricity shortages in the capital, protect cultivated land and residential areas along the Chongchon River from flooding, and ensure an ample supply of water to the industrial establishments in Huichon and Namhung areas, according to official media reports. (Photo by KCNA)

Titles of articles found in this issue include:

  • Rajin-Khassan Freight Train Service to Open in October
  • More NK Citizens Visit China
  • A Question of Leadership
  • Huichon Power Station Operational
  • Future High-tech Farming for NK?
  • Department Store for Scientists and Technicians
  • NK, China Seeking Investors for Rajin Port

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

Comment by the Business Monthly Editor:

There have been several significant signs this month that North Korea’s new leadership is sincere about enhancing transparency. For one thing, NK invited news media from around the world to observe its satellite launch, knowing full well that if it failed (It did), the whole world would know, and there could be no cover-up. Not only that, the official DPRK media reported the disaster with no holds barred. That’s got to be a first. Another first was the reporting of two speeches made by the new leader, Kim Jong Un, on the front page of the North’s leading Workers Daily. His father, the late Kim Jong Il, does not seem to have made any public speeches at all during his 17-year tenure, and any private ones were not reported. Read the rest of this entry »

DPRK Business Monthly Volume III, No.2

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 the March 2012 edition here: DPRK Business Monthly Vol III, No.2

The Unhasu Orchestra tunes up in Paris. [Photo: Reuters]

The Unhasu Orchestra tunes up in Paris. (Photo by Reuters)

Titles of articles found in this issue include

  • N-S Opening Could Be Economic Lifeline for ROK
  • Unification Starting in Kaesong
  • DPRK Encourages Foreign Investment
  • Internet Access at PUST for NK Students
  • The Constitution of the DPRK
  • North and South Train Cambodian Olympic Hopefuls
  • Pyongyang Orchestra Plays in Paris
  • Korean Care Friendship Network

…plus a number of other items, including a selection of North Korean tours by various tour operators. Read the rest of this entry »

DPRK Business Monthly Volume III, No.1

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  third volume of the February 2012 edition here: DPRK Business Monthly February 2012.

A bus carrying eight south Korean parliamentarians crosses the DMZ at Paju. (Photo by AP)

Titles of articles found in this issue include:

  • NK Amends Law on Foreign-funded Banks
  • NK Hires US Firm to Restart Kumgang Tours
  • US Ties Hamstring SK Businesses’ NK Prospects
  • Items Most in Demand in NK in 2011
  • Daewoo to Pioneer NK-China New Zone Advance
  • China to Lease 3 Rason Piers for 50 years
  • ROK Lawmakers Cross DMZ to Investigate Kaesong
  • Rising Demand for Workers at Kaesong
  • Seoul to Allow Upgrading of Kaesong Facilities

…plus a number of other items, including a selection of North Korean tours by various tour operators. Read the rest of this entry »

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.  Read the rest of this entry »

DPRK Business Monthly Volume II, No.11

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  second volume of the December 2011 edition here: DPRK Business Monthly December 2011.

Titles of articles found in this issue include:

North Korea - Political Tours

  • DHL Pyongyang Office Bustling
  • Chinese Company Sets Up Car Wash in North Korea
  • NGO Initiatives in DPRK: Christian Friends of Korea
  • P’yang Asks Seoul to Restore Economic Ties
  • Joint New Year Editorial (Analysis)
  • Who Does Business in Rason? Jilin Tobacco Industry Co. Ltd

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

Comment by the Business Monthly Editor:

Pyongyang lost no time following the death of Kim Jong Il and the announcement that his son Kim Jong Un would succeed him in declaring that there would be absolutely no dealing with ROK President Lee Myung-bak under the new leadership. Lee, whose term (ROK presidents are only allowed one) ends next December, has pursued a hard line against the North since coming to office in 2008. Relations in every sphere have plummeted, not least those in the business field.
Tension on the Korean peninsula has been ratcheted up so high that the North actually shelled ROK territory in November 2010, in response to a massive ROK-US naval drill. Realizing that his tough approach has backfired, and under pressure from the South Korean people to return to the “sunshine days” of his two predecessors, Lee — like US President George W. Bush before him — is desperately offering olive branches to the North to try to salvage something from the failures of his watch. But as the Pyongyang statement — rushed out only days before the joint New Year editorial, which is the normal channel for policy pronouncements — made clear, relations on the peninsula will remain in limbo until Lee Myung-bak’s successor takes office, and hopefully there is a return to “sunshine.”

Please feel free to consult the full issue by clicking on this link: DPRK Business Monthly Volume II, No. 11  December 2011.

DPRK Business Monthly Volume II, No. 9

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 October 2011 edition here: DPRK Business Monthly October 2011.

On the outskirts of Rason. (Photo: Ng Han Guan/Associated Press)

Titles of articles found in this issue include:

  • Rajin-Khasan Rail Link Opens
  • China to Expand Gateway to NK
  • NGO Initiatives in the DPRK: Korean Care Friendship Network
  • Mel Cheatham top US Expert on NK: Rev. Franklin Graham
  • Daepung Group Outlines Economic Strategy
  • Seventh Autumn Pyongyang Trade Fair
  • Minerals Key to NK Economic Growth
  • Education Has the Power to Transcend Boundaries by Lord Alton of Liverpool
  • Rason Nurtures Seeds of Foreign Enterprise

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

Please feel free to consult the full issue by clicking on this link: DPRK Business Monthly October 2011

Hana Electronics Opens “The Restaurant at Hana”

[The Phoenix Commercial Ventures, an investment firm operating in the DPRK has recently announced the opening of a restaurant – a joint venture between EU-based PCVL and Pyongyang-based Hana Electronics. — CanKor.]

Hana Electronics Opens “The Restaurant at Hana”

Pyongyang/London, July 8th 2011

Phoenix Commercial Ventures Ltd (www.pcvltd.com) is proud to announce that Hana Electronics JVC (a 50/50 joint venture based in the DPRK)  completed and moved into its new headquarters based near the T’ongil Market in Pyongyang in Q1 2011. Read the rest of this entry »

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