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Phebe Kim
Phebe Kim is an NK News contributor based in Washington DC. She is a Fulbright Korea Grantee, 2010-2012 and is currently a M.A. Candidate at Georgetown University.
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Evergreen Babson: North Korean leadership encouraging foreign investmentEven after Jang purge, polices indicate Pyongyang leadership's pursuit of economic growth
The North Korean leadership is pursuing foreign investment and trade in a variety of ways, through larger projects like special economic zones (SEZs) and smaller-scale policy adjustments, Bradley Babson told NK News. Babson, a former World Bank official who serves on the Executive Committee of the National Committee for North Korea, addressed some doubts about the status of two SEZs along the North Korea-China border – Hwanggumpyeong and Wihwa Islands – in the aftermath of Jang Song Thaek’s purge. Jang’s absence, he said, is not the main issue now that North Korea is increasing foreign investment. Rather, there needs © Korea Risk Group. All rights reserved. |