April 20, 2024

Identified: East Pyongyang’s new shopping mall

The most visible sign of new Chinese investment since the ouster of Jang Song Thaek in late 2013

On Thursday KCNA reported on the groundbreaking ceremony of a new "shopping mall" in East Pyongyang.

Although the project appears to be a joint venture with a Chinese organization called "The Chinese Group", this project is under the auspices of the State Commission for Economic Development (the same organization responsible for managing the new Economic Development Zones), rather than the Joint Venture Investment Committee (JVIC).

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