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 […]
Read more »Via North Korea Tech, a report on the rapid growth of mobile telephony in North Korea: Koryolink, North Korea’s sole 3G cellular service provider, is close to hitting the 2 million subscriber mark. The news was disclosed this week by the Koryolink CEO Ezz Heikal in Pyongyang and later confirmed by the company’s head office in […]
Read more »Via Time magazine, an interesting look at North Korea: The heart of this city, once famous for its Dickensian darkness, now pulsates with neon. Glossy construction downtown has altered the Pyongyang skyline. Inside supermarkets where shopgirls wear French designer labels, people with money can buy Italian wine, Swiss chocolates, kiwifruit imported from New Zealand and […]
Read more »Via Worldcrunch, an interesting report on Chinese interest in North Korea: Industry Hamhung, North Korea Investing in North Korea is becoming a hot topic among Chinese businessmen. Over the last few weeks, a series of business events and investment conferences about North Korea have been held. Chen Jiangfeng, a real-estate developer from Beijing […]
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