‘Hundreds’ of foreign companies in DPRK – local media
Article in Pyongyang Times comes amid news of trouble with Orascom
There are currently hundreds of foreign companies operating in North Korea, according to a recent article on foreign investment in the DPRK published in the Pyongyang Times.
The 1100 word piece entitled “The Juche-Oriented Development of Relations of Foreign Investment” details North Korea’s long term policies on investing in the DPRK.
“Based on this legal mechanism, four JV (joint venture) companies limited were established in Juche 75 (1986). This was followed by incorporation of foreign-invested businesses of various types, which now total hundreds across the country,” the article reads.
The number tallies with a 2012 report
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