September 25, 2023

North Korea seeking €6.8 million in foreign investment for domestic industry

Projects on offer range from foodstuffs to transportation

North Korea is seeking over €6.8 million (USD$7.7 million) in foreign direct investment in a range of projects across the domestic economy, several proposals carried by a Ministry of External Economic Relations-run website revealed on Tuesday.

The projects, which span everything from foodstuffs to transportation, are being proposed by the Korea Foreign Investment and Economic Cooperation Committee (KFIECC), and partners can invest in the form of equity or a "contractual joint venture."