Monday 23 August 2010

Week7 (Business 1) : Foreign investors brave North Korea

Although, the North Korea are spending time for development nuclear weapon. There are still many investors to do business in the country. Mr. Roger Barrett is one of them.
Mr. Barrett, 49, a former troop commander in the British army who has 10 years experience of doing business in the North Korea, recently opened a branch of his consultancy firm, Korea Business Consultants, in Pyongyang. He said there was growing interest in the country after chairman Kim Jong-il introduced economic reforms in 2002. He also said he was not alone. He had a lot of friends who did business like him. He said even in the middle of a nuclear crisis there were foreign investors in the country, and their numbers were increasing. He believed the 2002 economic reform was for real, and the country was gradually moving towards becoming a market economy.
In my opinion, the main cause is mineral coals in their country. There is a main resource. The North Korea can survive because of it. They have a lot of mine. Foreign investors may see this point. It is good for investing.

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