US Korea Institute

Tuesday April 25th 2017
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Posts Tagged ‘special economic zone’

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 [...]

The Economics of Kaesong

The Economics of Kaesong

Comments on the February 12 article by Ruediger Frank Ruediger Frank, in his February 12 article on 38 North, opines that in closing the Kaesong Industrial Zone (Kaesong or KIZ), South Korea may have “shot itself in the foot.” I beg to differ, sharply. Closure might not change North Korea’s nuclear and missile development, but it can open [...]

The Kaesong Closure: Punishment or Shot in the Foot?

The Kaesong Closure: Punishment or Shot in the Foot?

On February 10, 2016, the South Korean government decided to cancel cooperation with North Korea in the Kaesong Industrial Zone (KIZ, or simply Kaesong), arguing that the income from the zone had been used by Pyongyang to finance its nuclear and missile programs. One day later, the North froze all assets, expelled all South Koreans and declared [...]

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 [...]

North Korea’s Push for Special Enterprise Zones: Fantasy or Opportunity?

North Korea’s Push for Special Enterprise Zones: Fantasy or Opportunity?

In recent weeks North Korea has actively publicized in domestic and foreign news media its determination to pursue an aggressive strategy to develop special enterprise zones (SEZs) throughout the country. This follows and complements the agreement reached between the two Koreas in September to reopen the Kaesong Industrial Complex (KIC)—which [...]

New Construction Activity at the Hwanggumpyong Economic Zone

New Construction Activity at the Hwanggumpyong Economic Zone

A 38 North exclusive with contributions by Nick Hansen and Jeffrey Lewis Summary New commercial satellite imagery indicates that China and the DPRK have accelerated the development of a joint special economic zone, located on Hwanggumpyong Island, near Dandong, China. This suggests that the two countries are moving forward with the so-called [...]

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