N. Korea announces six new economic zones

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N. Korea announces six new economic zones

Supreme People's Assembly announces establishment of more SEZs to attract foreign trade, investment

Hamish Macdonald July 23, 2014

N. Korea announces six new economic zones

North Korea - The Rajin Hotel - Roman Harak - CC BY-SA 2.0

North Korea has designated six new economic development zones around the country, the Korea Central News Agency (KCNA) said on Wednesday.

The announcement follows the creation of 14 special economic zones in 2013 and came as part of a new decree from the Presidium of the Supreme People's Assembly (SPA).

About the Author

Hamish Macdonald

Hamish Macdonald is an Associate Fellow at RUSI who formerly worked on Project SANDSTONE and formerly a journalist and researcher who has focused uniquely on North Korea related topics and affairs. He was previously the COO of the Korea Risk Group, which produces the NK News and NK Pro. Specialising in this area, his investigations covered topics including North Korean sanctions evasion activities, domestic economic development and human rights.

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