This is part two of a series by Peter Ward examining North Korea’s foreign investment proposals for the Wonsan-Kumgang International Tourist Zone, one of the ambitious plans for FDI in the DPRK’s recent history. Read part one here.

The Wonsan-Kumgang Tourism Zone was, in 2014, North Korea’s top priority for foreign investment. The government released thirty separate investment proposals, and larger combined prospectus the following year.

They remain available, though the government appears to have refocused efforts away from seeking investment through this vehicle and toward the Wonsan-Kalma project, where it may also