The Kaesong Industrial Park Or A Joint Venture Between The Korean Footwear Industry And The Korean Footwear Industry.

< p > > a href= "//www.sjfzxm.com/news/index_p.asp" > towards Kaesong industrial park < /a >, a new hi-tech industrial park will be built near the Kaesong industrial park. The headquarters of Singapore based Jurong International (JURONG International) has signed a memorandum of understanding on the project in October.

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North Korea has changed the signal after issuing a series of war arguments, which is considered to be a new round of efforts by the Kim Jeong-eun administration to revive its declining state economy. But North Korean watchers questioned whether the effort was different from previous attempts at failure. P

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Since the 90s of last century, the DPRK has repeatedly started the idea of market economy and opened up some areas in China to foreign investment, but its special economic zone established on the border between China and Russia has been stagnant for many years. P

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Nicholas Eberstadt, a Korean expert at P, said: "North Korea has a long history of failure in this regard."

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< p > North Korea does intend to learn from other countries.

In October, 85 North Korean government officials met in Pyongyang and economists and experts from eight countries to discuss the management and governance of the special economic zone.

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Park Kyung-ae, a professor at The University of British Columbia who organized the meeting, said that North Korea's "enthusiasm for developing special economic zones" was astonishing. They asked a lot of questions. P

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< p > but there are many problems in development.

North Korea says the new economic zone will allow foreign currency pactions, and will also implement "different economic rules" to protect foreign investors.

The details are not yet clear, but publishing such statements is equivalent to acknowledgment of previous rent-seeking activities and abrupt changes in contracts.

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< p > September 2012, the Liaoning western group of China said Pyongyang unilaterally suspended its iron ore production project in North Korea.

North Korea's official response was rare, saying the western group failed to fulfill its investment commitments.

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P > the other obstacles to the revitalization of the economy include the true support of the corresponding support institutions, such as the banking system, and rigid labour restrictions.

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< p > but the biggest obstacle lies in the fact that the "a href=" //www.sjfzxm.com/news/index_x.asp "North Korea < /a" militarized and suppressed the economy for political purposes.

North Korea once withdrew all its workers from the Kaesong industrial park and threatened to turn it into a military base.

North Korea continues to push ahead with its nuclear weapons program despite the sanctions imposed by the United Nations, which is one reason why many investors have abandoned the DPRK.

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(P) South Korean officials say that in the Kaesong industrial park, North Korea has agreed to relax customs and traffic restrictions.

Hong Yang-ho, the company's head of the park, is optimistic about the development of the park, saying that the operation of the park will exceed the level before closure.

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< p > there are only a few Korean companies in the park, but Seoul is trying to estimate foreign investment to prevent North Korea from suspending the park again.

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Michael Ertl, chief executive officer of ME a Friends, P href=, said that the consultations between the company and the South Korean partners entered the final stage. The two sides may set up a joint venture in Kaesong in the first quarter of next year.

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