A Stockholm department store on Saturday removed a new line of North Korean-made designer jeans from its shelves, saying it wants to avoid courting controversy through ties with the isolated communist nation.
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The Democratic People’s Republic of Korea (DPRK) revalued its currency, with the exchange rate between the old and new bills at 100 to 1, according to a Foreign Ministry’s oral notice to foreign embassies on Tuesday.
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In the current financial and economic situation, companies face many challenges. They must cut costs, develop new products and find new markets. In these fields, the Democratic People’s Republic of Korea (DPRK, also known as North-Korea) is an interesting option.
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A united Korea - combining Asia’s fourth biggest economy with one of its poorest - could surpass that of Germany or Japan in economic might in the next 30-40 years, US investment bank Goldman Sachs said Tuesday.
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South Korea said Thursday that it will inject an additional US$16 billion into its financial system to help companies finance business activities amid frozen credit conditions.
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Barack Obama’s election as president of the United States dashed hopes for the speedy ratification of a South Korea-U.S. free trade agreement, experts said Thursday.
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Starting the end of this year, South Korean goods will reach Europe via North Korea and Russia’s railway in less than half the time it takes now by sea.
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A North Korean-made distilled liquor of soju is expected to make a foray into the U.S. market as early as this month, the Hankook Ilbo, a sister paper of The Korea Times, reported Wednesday.
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Hyundai Heavy Industries and other Korean shipbuilders continued to maintain their dominance in the international shipbuilding market, winning nearly 40 percent of new global orders last year. According to Lloyd’s, one of the world’s leading shipping information providers, Korean shipbuilders also topped in two other major categories _ order backlogs and the volume of vessels built.
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The United States and South Korea yesterday announced an agreement in principle to enter into America’s second-largest trade accord, surpassed only by the North America Free Trade Agreement. Winners and losers abound, but one thing is certain – democracy is losing.
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Last August, Colin McAskill, a British businessman, agreed to buy a small bank in North Korea. On the face of it, Daedong Credit Bank was not a brilliant investment. The agreement that McAskill signed with Daedong Credit’s foreign management at a hotel in Seoul came as the bank was caught in the grip of financial sanctions that had virtually cut North Korea off from the global financial system.
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Despite the heightened tension over North Korea’s missile and nuclear device tests, the number of cross-border visits increased 15.1 percent year-on-year in 2006, South Korea’s Unification Ministry said Thursday.
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A Vietnamese bank ordered the immediate closure of all accounts linked to Pyongyang, North Korea.
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Different companies from the DPRK, China, Indonesia, Switzerland, Britain, Thailand, Italy, Belarus and Hong Kong of China are presents to the International Trade Fair. The people can see up-to-date machine tools, newly developed medicines and other diverse products, video shows and information materials. The fair continues till Sept. 28.
(KCNA, September 25, 2006)
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South Korean companies at an inter-Korean joint industrial complex in North Korea have produced more than US$50 million worth of products and exported about one-fifth of them since they opened shop there in 2004, official data showed Sunday.
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John Feffer took time out of his busy schedule to meet with me at the conference room of the Institute for Policy Studies in Washington D.C., July 8. He started work just last month as the co-director of the insightful on-line journal Foreign Policy in Focus, in addition to his work as Director of the Global Affairs Program at the International Relations Center.
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On July 10, nearly 600 helmet-clad riot police repeatedly stormed the site of an outdoor press conference called by the Korean labor movement in opposition to the proposed U.S.-Korean Free Trade Agreement (FTA). Representatives from the AFL-CIO and Change to Win Coalition and the A.N.S.W.E.R. Coalition were present as the riot police stormed the area in front of the flatbed truck that was being used as a stage for the well-attended press conference.
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As Korea resumed its talks with the United States over a proposed free trade agreement (FTA) yesterday, anti-globalization activists also made their presence felt, organizing scattered demonstrations in Seoul calling for the government to withdraw from the negotiations.
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Venezuelian Foreign Minister Alí Rodríguez Araque: "As we have relations with the United States, we can have them with the two Koreas. Venezuela is a free nation, which can enter into free relations with all the nations in the world."
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European business group in Pyongyang sees N.K. as an attrative FDI destination.
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The top U.S. envoy in Seoul has expressed serious concerns about the status of products made in the Kaesong Industrial Complex, North Korea, labeling them "poison" to the currently negotiated free trade agreement (FTA) between South Korea and the United States, a source said Monday.
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Despite mounting international tensions surrounding North Korea’s nuclear arms program, preparations for an international trade fair in Pyongyang later this year have shifted into high gear.
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The first ever investment fund investing in North Korea launched in the U.K. with regulatory approval from financial authorities.
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The construction of a South Korean "factory apartment" in North Korea is aimed at helping small South Korean companies maintain their local market share, the head of the South’s state-run industrial complex operator said Wednesday.
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The country was the world’s fifth-largest carmaker last year, producing some 3.7 million units or 5.6 percent of the global share.
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North Korea’s economy would have posted minus growth if it had not been for its rapidly growing trade with China, the South Korean central bank’s research unit said Monday.
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U.S.-led financial sanctions against North Korea can hardly bear fruit without China’s participation and will only make the closed economy further depend on its robust neighbor, South Korean officials said Monday.
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Trade between North Korea and Japan reached a 28-year low in 2005 amid worsened relations touched off by the North’s abduction of Japanese nationals decades ago, a South Korean trade body said Sunday.
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"China and North Korea depend on one another like lips and teeth. The two form an alliance of steel opposed to hegemony. General Secretary Kim Jong-il is our brother-in-arms, a comrade and a brother."
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The volume of inter-Korean trade was found to have surpassed one-billion U.S. dollars last year for the first time ever.
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Valentina Matvienko, mayor of Sankt-Petersburg of the Russian Federation, arrived in Pyongyang Monday for a two day visit in DPRK. She was greeted at the airport by Kim Yong Jae, vice-minister of Foreign Trade.
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Comment of a spokesman for the DPRK Foreign Ministry about the new US campaign about so-called "illegal dealing" of the DPRK.
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Economic relations between Primorye and South Korea have noticeably intensified, showing a 34 percent increase in trade turnover in 2005 compared to the previous year.
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Following is a message by [South Korean] Unification Minister Chung Dong-young on the occasion of the Asia-Pacific Economic Cooperation summit.
(This article is published on this website as information.)
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Thousands of South Korean farmers clashed with police in Seoul on Tuesday in a rally against the government’s move to open the rice market wider, reported South Korean English newspaper The Korean Herald on Wednesday.
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The Unification Ministry plans to increase the inter-Korean cooperation fund by 110.3 percent to 2.63 trillion won ($2.19 billion) next year.
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The First Autumn International Commodity Exhibition has been successfully held from October 24 to 27 in Pyongyang. Over ten trade corporations of the Democratic People’s Republic of Korea and 78 companies from different countries including China, Netherlands, Romania, Switzerland, Sweden and Italy and regions participated in the exhibition.
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- Vice Unification Minister Rhee Bong-jo
A top Unification Ministry official said Wednesday that it is time to look at ways of linking the Korean Peninsula to the continent by opening the era of the "Northern economy."
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The minor opposition Democratic Labor Party (DLP) Friday frustrated any deliberation at a National Assembly committee on a bill to ratify rice import deal by physically occupying the committee room.
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Ulrich Niemann, resident representative of the Friedrich Naumann Foundation (FNF) in South Korea, has visited Pyongyang 11 times since October 2003, making it look like an almost bi-monthly routine now.
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Ruediger Frank, a Distinguished Visiting Professor at Korea University, Seoul, writes, "aside from the possibility that this might either be a temporary measure or turn out to be a misunderstanding altogether, such a move calls for some attempts at an interpretation. Would the reintroduction of the 100% PDS coverage be a sign of failure, or of success? Should we be happy or concerned? Here is a fictive dialogue between a pessimist and an optimist to answer these questions."
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The South Korean economy is expected to fare well in the next decade and if reunification with North Korea takes place the economy will be further boosted.
That was the view of a majority of panelists looking at Korea’s economic future.
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The level of development of Russian-North Korean trade and economic relations together with the dynamic development of political ties between the two states have not yet reached their full potential, Russian presidential envoy to the Far Eastern Federal District Konstantin Pulikovsky told the press in Khabarovsk in the run-up to his visit to North Korea on Wednesday.
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By Kim Sung-jin
An agreement reached early Tuesday at the end of inter-Korean economic talks is expected to breathe new life into bilateral trade that has been conducted in a limited way, analysts said.
Issued after overnight marathon negotiations, the 12-point accord calls for increased exchanges of raw materials and mineral resources, among other things.
So far, inter-Korean trade has mostly involved North Korea’s exports of agricultural produce, seafood products and goods made by South (...)
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China’s annual trade with the Republic of Korea (ROK) is expected to top $US100 billion, according to Bo Xilai, China’s commercial minister.
He told the Forum on Economic Cooperation between China and and Korea in 2005 here on June 17 that bilateral trade between the two countries, though starting late, has been developing fast during the past 13 years.
Statistics show that the value of bilateral trade grew by 17 times to $US90 billion in 2004, from $US5 billion US dollars 13 years ago.
In (...)
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Interview with official of Trade Ministry
The People’s Korea interviewed Rim Tae Dok, 51, a counselor of the Ministry of Foreign Trade about the foreign trade policy of the DPRK. He said that its export has grown since 2002 and "economic sanctions" or "blockade" by Japan will not influence the DPRK in any way under the present condition of a decrease in the DPRK-Japan trade.
A summary of the interview follows.
Exports of machine tools growing to Southeast Asia and the Middle and Near (...)
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China said it will halt poultry imports from North Korea in a move to prevent a deadly outbreak of bird flu from spilling over the border into its provinces.
All poultry products from the North were barred from entering China, Xinhua news agency reported, quoting a statement issued by the Ministry of Agriculture and the State Administration of Quality Supervision, Inspection and Quarantine.
Any North Korean poultry products seized by Chinese customs officials would be destroyed, it said. (...)
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In an effort to reduce the country’s reliance on the United States’ Global Positioning System (GPS), South Korea’s Science and Technology Minister has approved a plan to join a satellite-based navigation system project led by the European Union.
The 3.4 billion euro (US$4.5 billion) Galileo project is expected to rival the GPS navigation system.
The ministry said that to participate in the project, South Korea will likely pay at least 5 million euros. If all goes as planned, a formal (...)
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A revision to the [Japanese] oil spillage compensation security law that comes into effect on March 1 is threatening to have the same effect as imposing sanctions on North Korea because the revision bans entry of ships without expensive shipowners liability insurance.
Under the revision to the law, foreign ships weighing over 100 tons must take out shipowners liability insurance as protection against oil spillages caused by running aground or similar accidents. Ships that do not have this (...)
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[Interview] Brian Hall, the CEO of Aminex PLC, is at the helm of the hunt for oil in North Korea
On Jan. 15, the British oil and gas company Aminex PLC announced it is hunting for oil and gas in North Korea. OhmyNews spoke with the company’s CEO, Brian Hall, in a 30-minute interview at his office in London.
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The total amount of commercial trade between Japan and North Korea in 2004 was about 27.2 billion yen, the lowest since 1977, when the annual yen figure was first made public, according to Finance Ministry data.
In the main time, North Korea rapidly expanding its trade with China and South Korea.
(Kyodo News, February 1, 2005)
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The state-run Korea Container Terminal Authority said Monday it plans to make inroads into the development of Nampo port in North Korea.
"We concluded a memorandum of understanding to make a joint venture for such a purpose with Kookyang Shipping Co and Dongnam Shipping Co," the authority said in a statement. Kookyang operates container ships that ply between South Korea’s Incheon port and Nampo.
"As North Korea is aggressively attracting our investment in the Nampo port development, the (...)
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North Korea’s top-quality mineral water, reportedly favored by its leader Kim Jong-il, will hit the South Korean market in the middle of this month, its importer said Monday.
The Shinmyung International Co., a trader based in Seoul, said that 15 tons of the bottled waters, the first shipment from the North’s scenic Mt. Myohyang, arrived at Inchon Port last Friday and currently are undergoing customs clearance.
It is the second time for the South to import mineral water from the North, (...)
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Streets in the North Korean capital Pyongyang are lined with sidewalk stalls selling snacks and beer, the restaurant scene is growing and semi-liberalized markets are becoming centers of trade in imported food and clothes.
This is the new face of North Korea, say recent visitors, and the most visible result of changes to the communist state’s economy that are starting to bear fruit - and potentially dim the prospects for an economic meltdown disrupting leader Kim Jong Il’s hold on power. (...)
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North Korea will host its biggest-ever international trade expo in May this year in a move signaling the communist country wants to nudge open the doors of its struggling economy, Beijing officials said Friday.
A bulletin published by China’s official Xinhua news agency quoted officials as saying Pyongyang hoped more than 300 companies from Europe and the United States will participate in the four-day trade fair, which is scheduled to begin in the North Korean capital on May 16.
"Pyongyang (...)
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North Korea’s trade with China amounted to $1.01 billion in the first 10 months this year, up 40.3 percent on an annual basis, the Korea International Trade Association in Seoul said Wednesday.
It is the second consecutive year for the two countries to surpass the $1-billion-mark, according to statistics the association recently obtained from China.
The trade volume between the communist allies increased over the past five years as it marked $1.02 billion last year, $738 million in 2002, (...)
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Made-in-Kaesong products go on sale in S. Korea
Unification Minister Chung Dong-young will visit North Korea on Wednesday to mark the first production of goods by a South Korean company in the pilot zone of the Kaesong Industrial Complex, just beyond the heavily fortified Demilitarized Zone.
It is the first time for Chung to visit North Korea since he joined the Cabinet in June this year.
"We got the notification from the North this morning inviting a group of 400 South Koreans to the (...)
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The People’s Korea interviewed Kim Yong Sul, Vice Minister of Trade of the DPRK on Pyongyang’s incentive policy on external trade investment.
The following is a summary of the interview.
Key policy to develop economy: strengthening government’s unified guidance and transferring decision-making authority to lower units
A series of changes seems to have taken place in the DPRK’s economy since the DPRK took measures to reform its economic management. Following these changes, favorable (...)
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North Korea’s anthracite coal exports doubled in the first nine months of this year, a report by the Korea Trade-Investment Promotion Agency (KOTRA) said Tuesday. The trade promotion body said the increase is probably related to the acute energy shortage facing China.
It said that data collected from Chinese sources indicated 1.18 million tons of anthracite were shipped from North Korea to China, more than twice the amount for the same period in 2003. From January through September of last (...)
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North Korea’s trade volume with China totaled $886 million in the first nine months of this year, up 40.5 percent from a year earlier, the Ministry of Unification [from South Korea] reported Wednesday.
With soaring trade between the two countries, Pyongyang’s trade surplus with Beijing jumped 22.8 percent over the same period last year to $539 million, a ministry official said. Exports with China reached $347 million, up 81.1 percent from a year earlier.
"China’s strong demand for raw (...)
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China’s Fujian Province sent economic delegations to North Korea twice this year, on Aug. 30 and Nov. 2, to discuss joint venture projects worth about US$11.7 million.
As follow-up measures, detailed negotiations are under way for the construction of two factories, one for coal briquettes and the other for plastic products, according to business sources in the province.
For the coal briquette factory project, China would provide 20 15-ton trucks, three forklifts and 100 tons of diesel fuel (...)
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Currently, 127 companies in Yanbian are licensed to conduct external trade. About 40 have already moved into North Korea’s Sonbong and Najin Development Districts, establishing food, cigarette and garment factories.
The garment factories alone are employing 20,000 North Koreans. In addition, many other companies are pursuing joint ventures in transportation, wood processing, cultivation of marine products, agricultural development, restaurants, trade and tourism.
Yanbian Chonji Industrial (...)
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Investments in North Korea by Chinese companies based in Jilin Province have been growing, particularly and remarkably since August, according to trade officials of the provincial government.
The trend is related to North Korea’s increasing willingness to accept joint ventures with foreigners, the officials said. They noted that the willingness was well manifested in Pyongyang’s decision to expand the Mt. Kumgang tourism district to cover such places as Tongchon County and Wonsan City.
A (...)
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Primorye’s administration officials and North Korean delegation signed a statement of trade and economic cooperation in the spheres of constructing, wood processing, agriculture, fishing, trade and transportation industries, a press release from the regional administration reported October 15.
The three-day negotiations that opened in Vladivostok on October 12 were aimed at discussing results of cooperation between the two countries and developing future perspectives. Finalizing the talks, (...)
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Dynamic, inquisitive, engaging and extremely knowledgeable -just some of the feedback speakers gave describing this year’s participants at CASIN’s 7th annual professional training for officials and diplomats from the Democratic Peoples Republic of Korea (DPRK).
14 members of various Government ministries including the Ministry of Light Industries and the Ministry of Foreign Trade attended the six-week programme.
The participants followed a tailor made, hands-on, multi-dimensional (...)
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Korea has diverse natural environment with both continental and oceanic features as it is located in the east of Asian continent facing the Pacific Ocean.
Thanks to these favourable natural and geographical advantages, our country has a large stock of specialities which enjoy growing demand on the world market.
Kaesong Koryo insam (ginseng) is the best of Korean specialities. Koryo insam cultivated in Kaesong endowed with favourable soil, water and climatic conditions for insam (...)
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The company was set up in March 2003 by the joint efforts and investment of the Foreign Trade Bureau of the DPRK Ministry of Culture and the Crocus Group Limited of the Netherlands.
It produces a wide range of electronics and hi-fi facilities including VCD and DVD players, VCD and DVD disks, TV sets and amplifiers.
The VCD and DVD players, the principal product of the company, fully conform with the specifications of ISO. They have a good sale in domestic and overseas markets for their (...)
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China has emerged as South Korea’s biggest trade partner this year, replacing the United States, a trade agency said Wednesday.
South Korea’s trade with China totaled US$43.89 billion from January to July, compared with its trade of $40.2 billion with the world’s largest economy, the Korea Trade-Investment Promotion Agency (KOTRA) said.
(Yonhap, September 22)
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Anglo-Irish oil company Aminex has signed a 20-year deal to develop North Korea’s oil industry. Aminex said it would provide technical assistance to North Korea. In addition, it will be permitted to explore and drill throughout the secretive country.
Should Aminex strike oil, it will get royalties on any of its own production, as well as being entitled to earnings from wells drilled by other firms.
Aminex believes its prospects of striking oil in North Korea are good. "We all dream of (...)
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The South Korean Ministry of Unification said yesterday that Woori Bank had won the rights to set up a bank branch in the Kaesong Industrial Complex in North Korea.
Woori was selected over six other banks bidding to serve the economic cooperation project between North and South Korea. According to a Woori Bank official, the branch office in North Korea will probably open in November. He said the office size and number of employees have not yet been decided.
It will provide banking services (...)
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The South Korean government on Thursday allowed four more companies to do business at the inter-Korean special economic zone in Kaesong, North Korea, which is scheduled to launch in November.
The newly approved companies include SJ Tech, a plastic manufacturer; Hosan Ace, a machinery maker; Shinwon, an apparel firm; and Living Art, a kitchenware maker.
The selected firms have reportedly deleted restricted goods from their lists of equipment, or replaced them with suitable items to be taken (...)
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When they are told that socialist Korea (the Democratic People’s Republic of Korea) has markets, many people may wonder about this, because they regard it as an exceptional phenomenon.
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At a glance, Julie Sa would seem a most unlikely candidate to become the economic chief of a special development zone in North Korea.
She is not only a US citizen, but an avid churchgoer and registered Republican — hardly qualities praised by the arch-communist regime in Pyongyang, the North Korean capital. Although Chinese by ethnicity, she was born and educated in South Korea, which technically is still in a state of war with the North.
Yet this 53-year-old California businesswoman is (...)
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According to Canadian statistics, Canada’s exports to North Korea have continually increased.
In 2003, Canada’s export to North Korea grew to US$21 million, up 346% from $14 million in the preceding year when the shipment witnessed an annual growth rate of 57%.
North Korea has continually imported grain, wood pulp & lumber, inhalers for therapeutic ozone and oxygen, plants for feeding animals etc. The NK’s import of other items has been in great fluctuation. Canada largely imports (...)
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North Korea took a further tentative step on its economic reform path last month when it allowed the country’s first law firm to open on a Pyongyang square named after the communist state’s founder, Kim Il-sung.
British lawyer-turned-consultant Michael Hay told four foreign reporters the firm he jointly owns with an outfit spun off from an official North Korean legal agency offered legal and accounting services and advice to potential foreign investors. "As of August 15, it’s already up (...)
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The U.S. government recently demanded the Korean government regulate the speed of development of the industrial complex in the North Korean border town of Kaesong, expressing worries that North Korea might use ``strategic facilities’’ for military purposes.
The Wassenaar Arrangement established in 1997 replaced the cold-war era’s COCOM (Coordinating Committee on Multilateral Export Controls) restriction on export of conventional weapons, electronics and telecommunication products or (...)
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Recently, investment into North Korea by Chinese companies has increased dramatically.
Not long before, the Zhongshi Group invested 50 million yuan (5 million euro) into the Jeil Department Store in North Korea and the company’s president launched to manage it with 300 traders from his hometown of Wenzhou, which triggered further investments into North Korea.
Chinese companies had done well in North Korea before the Zhongshi Group launched its business within the country. A joint venture (...)
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At the beginning of the ’90s in the previous century Thongil Street, 120 metres wide and over 4 kilometres long, was built in the southern district of the capital city of Pyongyang. A market has newly come into being there.
Not long ago I visited this market, conducted by Im Yong Chol, an official at the commercial guidance office of the Pyongyang City People’s Committee.
Changed Meaning
"If you go there you will see that the present market is different from the previous peasant market. (...)
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The South Korean government said Wednesday that it is moving to revise existing import regulations to allow chicken and duck meat to be brought in from North Korea.
The Ministry of Agriculture and Forestry said it is putting the final touches to revisions to sanitation rules to permit the imports. The exact date for starting to allow the imports has not been set since various political factors need to be considered, but there is a possibility it could start next year.
(Yonhap, July (...)
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Shanghai Automotive Industry Corp.(SAIC), China’s largest automaker, Tuesday signed memorandum of understanding to purchase Ssangyong Motor Co.(SYMC), South Korean fourth largest automaker, with the latter’s creditors.
The price was not disclosed but informed sources tell us it will be close to $500m. The deal should be complete by September.
Shanghai Automotive is China’s second largest car maker. Ssangyong, which has been on the market since Daewoo collapsed in 1999, is S. Korea’s fourth (...)
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Several thousand farmers and agricultural workers held a rally in downtown Seoul Friday to protest against a move toward eventual full liberalization of South Korea’s rice market.
More than 2,800 members of the Korean Peasants League, an umbrella organization for the nation’s farming workers, staged a march to demand the government’s continued efforts to protect the nation’s agricultural market, while more than 3,200 policemen escorted.
(Yonhap, July (...)
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Pyongyang Liquor is soon to be sold in the U.S. Pak Il U, 55, a Korean resident in the U.S who is manager of the Dong Woo U.S.A. INC., had an interview with KCNA when he was visiting Pyongyang.
"The publication of the June 15 North-South Joint Declaration gave him a great delight. A way has been paved for the Korean nation to reunify the country by itself.
"I have thought that when all the Koreans in the North, South and overseas are united with a strong sense of patriotism and try to let (...)
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Dancers perform to celebrate the opening of the third Tumen River Area International Investment & Business Forum in Yanji, northeast China’s Jilin Province, September 02, 2002. More than 4,000 participants from China, Japan, Russia and South Korea etc. will attend the three-day forum.
(Xinhua, June 30, 2004)
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The KOTRA-North Korea Team published a "Guidebook for North Korean Products" (in Korean only) to help South Korean enterprises that are interested in a North Korean business cooperation.
As the first South Korean published book just for introducing North Korean products, this explanatory book includes the purchase situation and relative laws on the North Korean primary items, as well as, another 195 items which need the delivery permission from the South Korean Ministry of Unification. (...)
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Export and import posted a growth of 5.5% and 5.9%, respectively.
In 2003, North Korea’s foreign trade approached US$2.391 billion mark, up 5.8% from the year before. Exports for the same year totaled $777 million, thus posting a 5.5% growth from a year earlier and representing five straight years of growth since 1999. The import volume of the year topped $1.614 billion, up 5.9% over the preceding year. The trade deficit of the year amounted to $837 million, a slight fall from the $790 (...)
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The Pyongyang Piano Joint Venture Company has manufactured quality pianos in technical cooperation with the J. Nemetschke Company of Austria.
The quality of different models of piano with trademarks of PACO, RATIAE, FEINTON, STOCKHAUSEN and J.NEMETSCHKE has reached a high level in their clear and rich volume, stable sound, sensible keyboard, and luxurious and transparent color.
The company has introduced advanced technologies from other countries in piano production and used such good (...)
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The 7th Pyongyang International Trade Fair was held on May 17 to 20 in Pyongyang.
Displayed there are various kinds of machine tools, equipment of electric power system, light industrial goods, daily necessities, electronic products and many other goods presented by trade companies of the DPRK and scores of companies of China, Malaysia, Syria, Thailand, Italy and Taipei.
Attracting a particular attention of the delegations and businessmen participating in the fair are numerical control (...)
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The amount of overseas trade by North Korea posted an 11-year high of US$2.39 billion in 2003, a South state-run trade promotion agency said Wednesday.
According to the Korea Trade-Investment Promotion Agency (KOTRA), the North’s trade with countries except South Korea rose 5.8 percent from the previous year, the largest amount since 1993.
(Yonhap, May 19, 2004)
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