May 17, 2022

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North Korea seeking foreign direct investment in mining, energy sector: website

Funds will go towards reconstruction and modernization of facilities at the Anju Area Mining Complex

A North Korean organization is seeking foreign capital to help enhance the productivity of a coal-mining complex and begin operating a thermal power station, among other plans, a DPRK state-run website revealed this week.

The investment proposal, released by the Ministry of External Economic Relations-run Korea Foreign Investment and Economic Cooperation Committee, will see funds go towards the reconstruction and modernization of the Chongnam Shaft of the Anju Area Mining Complex in South Pyongan Province.