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Analysis North Korea embraces capitalist competition to avert mega resort boondoggleWonsan Kalma Tourism Zone Act, first law of its kind, details the regime’s strategy to ensure prestige project succeeds One of North Korea’s biggest unfinished construction projects finally came to an end this year with the grand opening of the Wonsan Kalma beach resort, and a newly revealed law shows how the regime intends to ensure that the massive complex doesn’t end up as yet another economic boondoggle. Enacted ahead of the opening earlier this year, with the full text only emerging last month, the Wonsan Kalma Tourism Zone Act marks the first time that the DPRK instituted a law specifically for a tourism zone. NK Pro analysis of the law suggests © Korea Risk Group. All rights reserved. |





