Investors in North Korea carry cash in suitcases to buy firms
Richard Lloyd Parry
- North Korea
- Donald Trump
- US politics
- United States
It is a modest proposal by the standards of international investment: a 20-room guest house in a new enterprise zone.
Tax discounts and other business incentives are generous and there are no other competing hotels of international standard. There is one catch â" this is North Korea, the most business-unfriendly nation on earth.
The proposition was made last month by the North Korean authorities to a group of business people visiting Pyongyang. The most remarkable thing about it is that the offer in the Unjong special economic zone, 15 miles north of the capital, is for a 100 per cent foreign-owned business. For Â£535,000 you, I or any other foreign investor can become the sole owner of a North Korean hotel.
For more adventurous investors,â¦Source: Google News North Korea | Netizen 24 North Korea