NORTH KOREA OPEN FOR BUSINESS
When North Korea started its...
NORTH KOREA OPEN FOR BUSINESS
When North Korea started its international trade the ‘Capitalist in North Korea’, Felix Abt, stood shoulder to shoulder with ambassadors from Russia, Mongolia, Germany and China as well as the DPRK Deputy Prime Minister in charge of economic affairs. Felix and the others can be seen here greeting the North Korean and foreign exhibitors.
Over the years, trade fairs in North Korea have substantially grown thanks largely to the presence of Chinese companies (https://www.youtube.com/watch?v=AKKXz4W2tZ0). However, it’s striking that the presence of Western exhibitors is marginal.The Western embargo policies and hurdles, such as the prevention of normal commercial bank transfers by Western ‘financial sanctions’, are held to be largely responsible for dissuading many potential Western investors and traders.
Discover how Felix Abt was at the forefront of this, yet another North Korean ‘ first’, and all about trade and investment in the country in A CAPITALIST IN NORTH KOREA: My Seven Years in the Hermit Kingdom
