Friday, August 23, 2013

N. Korea appears to struggle to woo Chinese investors

This may be helping to drive regime back to Kaesong.  Perhaps China is deliberately keeping its investors away (then again maybe they do not need to be kept away and they are making these decisions on their own since they have been burned by the Kim Family Regime so many times).

(Yonhap Feature) N. Korea appears to struggle to woo Chinese investors

2013/08/23 14:26
BEIJING, Aug. 23 (Yonhap) -- The only sign of activity at the North Korean trade promotion agency here in Beijing is the faintly lit banner in front, and it is hard to tell whether the office is open for business.
No one is seen at the reception desk of North Korea's Investment and Development Group building, located in a northern Beijing suburb, and its front door, though appears to be open, remains stationary for most of a weekday.
"North Koreans are still working there," said a Chinese cleaner near the building, who only gave his surname Wu.
The Beijing branch of North Korea's Investment and Development Group was believed to have launched operations early last year, but it appears certain to be a dead duck as the North's unpredictability continues to keep Chinese investors away.
Its website has not posted any statement since Jan. 23 this year, and there was no response to a phone call made on Aug. 16.

A South Korean diplomatic source in Beijing, who spoke on the condition of anonymity, said the North Korean branch has been dormant since the North's defiant launch of a long-range rocket last December.
Tensions on the Korean Peninsula soared early this year, with North Korea conducting its third nuclear test and its near-daily war threats during an annual joint military drill between South Korea and the United States.
(Continued at the link below)

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