US Korea Institute

Sunday April 30th 2017
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Posts Tagged ‘joint venture’

Consumerism in North Korea: The Kwangbok Area Shopping Center

Consumerism in North Korea: The Kwangbok Area Shopping Center

During my last trip to North Korea in February 2017, I noted a number of interesting developments that have taken place since my previous visit in May 2016. They include the disappearance of iron bars from windows and balconies on the first two floors of residential buildings in Pyongyang, a complete change of the design of license plates for [...]

Russia-North Korea Economic Ties Gain Traction

Russia-North Korea Economic Ties Gain Traction

In a new global situation unfortunately characterized by increased big power rivalry—where Russia has suddenly become the chief opponent, if not enemy, of the United States—Russia’s involvement in Korean peninsular affairs has increased political implications for Moscow. The Korean peninsula, centered in a crucial neighboring area, has [...]

A Tale of Two Kaesong Industrial Zones: Not All Foreign Investment is Created Equal

A Tale of Two Kaesong Industrial Zones: Not All Foreign Investment is Created Equal

Promoting foreign direct investment and enhancing commercial engagement is often touted as a potential catalyst for enticing isolated, authoritarian regimes to enact reforms and constructively engage with the international community. Promoting this sort of constructive commercial engagement with North Korea, however, is far easier said than done. [...]

Is Russia-North Korea Cooperation at a New Stage?

Is Russia-North Korea Cooperation at a New Stage?

Deputy Prime Minister of the Russian Federation, the Plenipotentiary Representative of the Russian Federation, and the President in the Far Eastern Federal District of the Russian Federation, Yury Trutnev’s three day long visit to the DPRK (April 28-30, 2014) symbolized the culmination of a new phase in Russian-North Korean relations taking [...]

Book Review: A CAPITALIST IN NORTH KOREA

Book Review: A CAPITALIST IN NORTH KOREA

A CAPITALIST IN NORTH KOREA: My seven years in the Hermit Kingdom, by Felix Abt. Amazon Digital Services, Inc., 2012. ISBN (ePub Edition): 978-1-937572-92-1. A CAPITALIST IN NORTH KOREA is Swiss entrepreneur Felix Abt’s account of his work and life in the DPRK, 2002-2009. As Jim Hoare did in North Korea in the 21st Century, Abt draws [...]

Commercial Life in North Korea

Commercial Life in North Korea

On one training trip to North Korea this year with Choson Exchange, I enjoyed less-than-tasty fried chicken washed down with copious amounts of beer with North Koreans at a joint venture fast food restaurant. On the rooftop, chickens ran around in what might be the only locally-sourced fast food restaurant in the world. Outside, traffic was [...]

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