North Korea seeking €6.8 million in foreign investment for domestic industry | NK News
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September 22, 2026Sep 22, 2026

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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.”

The most costly plans are for the “reconstruction and modernization” of the Chongjin Bus Factory in North Hamgyong Province.

Potential investors are being asked to contribute €3.5 million to fund “up-to-date processing machineries, heat-painting