September 17, 2021

Source: A Special Economic Zone For Chongjin?

A well placed Chinese-Korean business source who works regularly inside the DPRK has told NK News that there are plans to convert the north-eastern city of Chongjin into a special economic zone (SEZ) “very soon.”  Interestingly, the source said that the Chongjin SEZ would be a “real one”, unlike the somewhat limited Rason initiative.  A second source on the matter confirmed the source's report, but added that when established city would be restricted to Chinese investment only – something that might not be that surprising given the already strong Chinese presence there (consular office, Chinese hotel, etc)

[caption id="attachment_35422" align="alignleft" width="210"] Power Plant in Chongjin[/caption]