North Korea courts Chinese investors for Pyongyang complex

North Korea courts Chinese investors for Pyongyang complex

North Korea is pushing to develop a large commercial complex in Pyongyang’s Hwasong district and is actively courting Chinese private investors to fund it. According to a Daily NK source, the North’s Ministry of External Economic Affairs has been running an investor recruitment campaign since last year, fronting the effort through a North Korea-China joint venture called Jungang Muljagyoryu Trading Company. The project centers on a wholesale and…

North Korea courts Chinese private investors for Pyongyang commercial complex - The Press United

North Korea is pushing to develop a large commercial complex in Pyongyang’s Hwasong district and is actively courting Chinese private investors to fund it. According to a Daily NK source, the North’s Ministry of External Economic Affairs has been running an investor recruitment campaign since last year, fronting the effort through a North Korea-China joint […]