US Korea Institute

Saturday March 25th 2017
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Posts Tagged ‘business’

Hiding in Plain Sight: Cowboys, Conmen and North Korea’s $6 Trillion Natural Resource Prize

Hiding in Plain Sight: Cowboys, Conmen and North Korea’s $6 Trillion Natural Resource Prize

EXECUTIVE SUMMARY Kevin Leech became a billionaire through a series of investments in pharmaceutical and technology companies after selling his family’s 38 funeral parlors across England. After losing everything when his company, an internet incubator named Ci4net.com collapsed, Leech emerged from bankruptcy in 2005 and engineered a series of [...]

The Real Economics of Kaesong

The Real Economics of Kaesong

The February debate on 38 North between Ruediger Frank and William Brown highlighted opposing views about the Kaesong Industrial Zone (KIZ), and it most likely helped readers to better understand the ins and outs of the KIZ. (Photo: Getty Images) Nonetheless, their debate missed some important aspects of the KIZ, and included arguments [...]

Dilemmas in Financial Engagement with North Korea

Dilemmas in Financial Engagement with North Korea

Over the past few months, there have been a number of important developments concerning North Korea’s external finances. In early December 2014, North Korea announced that the law governing wages for workers at the Kaesong Industrial Complex had been revised, removing the upper limit without consultation with South Korean authorities. In [...]

Rason Special Economic Zone: North Korea as It Could Be

Rason Special Economic Zone: North Korea as It Could Be

If you have ever been to North Korea, you might know that feeling: you are in the country, and at the same time, you are not. Foreign visitors usually stroll through the streets as if they are caught inside a huge transparent rubber sphere. They can see and hear, but most of the time there is this invisible but tangible wall between them and the [...]

Case Study: Business Training for North Korean Women

Case Study: Business Training for North Korean Women

In the fall of 2012, Choson Exchange inaugurated a Women in Business (WIB) program in North Korea. The program was meant to encourage the participation of females in business and entrepreneurship training among our target demographic of 20-40 year old young professionals. Participants would attend a workshop in North Korea, from which, we would [...]

North Korea’s French Connection

North Korea’s French Connection

Official non-recognition is deceptive. There are close and longstanding ties between Paris and Pyongyang. Tired of imaginary attack-dogs? Moi aussi. Veiled as North Korea is, there’s plenty real to write without making it up. Dennis Rodman, for instance—but enough of him already. Fancy a change of scene? Let’s head for Paris: never a bad [...]

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Credit for photo of young North Korean girl: T.M. All rights reserved, used with permission.