The Rajin-Sonbong free trade zone experiment: North Korea in pursuit of new international linkages
In 1991 North Korea declared Rajin City and Sonbong County a Free Economic and Trade Zone (FETZ), in which foreign owned enterprises would be permitted to operate. So far, Pyongyang has invested 150 million won in upgrading facilities, and has introduced a comprehensive regime of laws and regulations. Other investments are now also in evidence, notably modernised telecommunications, foreign banking, and containerised cargo facilities. Promised foreign investment in the FETZ now totals over US$1...[Show more]
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