In a move to attract more investment from abroad, North Korea has amended the foreign investment law. The amendment has been reported by the North Korean main news agency.
The details of the revisions have not, yet, been publicly announced by the North Korean government, but previous changes have been less substantive and more political in nature.
The amendments seem nothing more than a reaction to the Chinese dismissal of North Korea’s efforts to entice China to invest in a free trade zone near the border between North Korea and China.
North Korea can learn a great deal from the Chinese manner of developing the economy, however, in the past – North Korea has quickly retreated after brief periods of hopeful developments that the nation will open up to the South, China and the West. Maybe China has finally found a rationale ear.
- Business with North Korea: The Growing North Korean Economy
- Why we should care about North Korea?: North’s Harsh Reality by Senior Advisor Tom Coyner
- Korean Pro-North Priest Investigated By Prosecution
- Should your Company in South Korea be Concerned About the Threats from North Korea
- Overview of North Korean Legal System & Law Online
- How I Discovered that Smoking Weed is Legal in North Korea – by Tom Coyner
- Korea’s New President and the North Korean Issue by Tom Coyner
- South Korean’s Aiding North Korean Hackers Arrested in South Korea by Seoul Central District Prosecutors’ Office
- Korea Legal News for the Week of April 28
- What can Korea Learn From Ireland? by Senior Advisor Tom Coyner