Analysis The DPRK economy and its laws #6: How are joint ventures regulated?Despite need for cash, the country remains picky about who is allowed to do business The DPRK attracts far, far less foreign investment than its neighbors, but investment still exists and is critical for the country’s economy. Egyptian company Orascom is perhaps the most well-known foreign investing company that’s done business in North Korea, but there are many Chinese companies, as well European, and in 2009 Singapore entered into a ‘most favored nation’ treaty with DPRK, aimed at protecting and promoting investments between the two countries. The four main laws of foreign investment The DPRK started to prepare legislative groundwork aimed at attracting inward foreign investment in © Korea Risk Group. All rights reserved. |