Going Forwards – Growing Commercial Stability - Positive Factors:
1. A. Economic Reforms started 2002 – gathering momentum.
2. Diplomatic Platform – expanded since 2000 - Italy & Australia … then UK / Germany (same day), Philippines (= all ASEAN) , Canada, Brazil (18 ) .
3. Relations with ROK - Steady improvement since June 2000 summit + Kaesong Industrial Park + 5th Anniversary incl. Economic Development – June 2005.
4. Steady build up of Business, Investment & Trade - from ASEAN & Europe (ABB … (British Council) Kelvin Chia … DHL … Philips … Zuelig).
Opportunities for Asian & European / British companies.
First Commercial Advertising –' Capitalism helps the communist way ? '
Is the DPRK (North Korea) a poor or a rich country?
Many types of services and commodities are scarce in the DPRK nowadays – but this shows the scope of opportunities.
On the other hand the DPRK is a wealthy country, natural resources as well as well-educated disciplined human resources, the business environment is changing, for the better, within the DPRK and we would not at all be surprised if they would enter into a period of high economic growth, based partly on the platform that the DPRK Government is laying down at this moment.
20 years ago China was a very poor country – smart businesses foresee opportunities and act on them before the rest of the competition. This is what we believe our clients are doing right now.