Why North Korea is the ultimate sucker bet for would-be investors
Cheap labor and proximity to China are not enough to make DPRK preferable to alternatives like Vietnam and Indonesia
North Korea has a justifiably terrible reputation with foreign investors. The country’s leadership has been aiding and abetting theft from foreign investors on an industrial scale since the 1970s, when the country borrowed literally billions of dollars from Western firms and banks and then defaulted.
But a number of South Korean firms invested in DPRK economic projects during the Sunshine Policy era of inter-Korean rapprochement, and some still see opportunities in one day helping North Korea develop and utilizing the country as a source of cheap labor.
But does North Korea really hold any
- 01How sanctions contribute to North Korea’s humanitarian distress
- 02State media review: North Korea calls denuclearization a ‘declaration of war’
- 03Why North Korea and the Philippines view each other with mutual distrust
- 04North Korea’s new silo-based missile raises risk of prompt preemptive strikes
- 05Why normalizing US-North Korea relations is a prerequisite for denuclearization
- 06North Korean planes active at Pyongyang airport hours after runway missile test
- 07North Korea using US-ROK drills as cover to carry out missile tests, experts say
- 08State media review: North Korea says rusty American bombs threaten capital