Water parks aplenty in frontier markets. Who says emerging markets can’t have any fun… First, via Reuters, a report on a new water park in Kabul: After the armed guards and body search at the door, it is almost easy to forget the fun is happening in ultra-conservative Afghanistan, except that all of the people […]
Read more »Via the Petersen Institute for International Economics, an interesting commentary on North Korea: Everywhere I went in Tokyo last week, Japanese officials asked me about a story that appeared in Dong-A Ilbo titled “N. Korea`s new economic system could reduce state control.” The article claims that planned reforms will turn the country off the socialist […]
Read more »Via FoxNews, a report on North Korea’s newest mega project: In this Friday Sept. 20, 2013 photo, an unfinished hotel complex stands at the bottom of a mountain slope at the ski resort construction project at North Korea’s Masik Pass. Kim Tae Yong, secretary-general of North Korea’s ski association, views the sprawling alpine landscape before […]
Read more »Courtesy of STRATFOR (subscription required), an interesting look at the reconnected Russia-North Korea rail link: North Korea and Russia marked the reopening of a cross-border rail link connecting Russia’s Khasan with North Korea’s Rason port development zone. The rail reconnection, agreed upon more than a decade ago, will initially be used by Russia to transport […]
Read more »Via Business News Europe, an interesting article on a new venture aimed at North Korea: A small yet bold Mongolian firm is preparing to launch a new oil enterprise in North Korea. It’s an unlikely pairing, but the firm is betting it has the key ingredients to make such an unlikely gamble pay. As Mongolia […]
Read more »Via the BBC, an interesting article on North Korea’s economy: Amid the current tensions between North and South Korea, much focus has been on their shared industrial zone, where economic output has ground to a halt. The furlough is said to have cost the cash-strapped North some $90m (£58m) in wages, and the South’s businesses […]
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