Future Business Opportunities in North Korea

The purpose of this blog is to collect and share information about the present business environment and possible future business opportunities in North Korea.

Travelling to North Korea and doing business in North Korea is currently prohibited, however a new market and business opportunities will open up in North Korea after Unification or fundamental changes in North Korea's policy and attitude toward the world for attracting foreign investors and tourists.

Monday, October 30, 2017

The apartment price in Pyongyang, North Korea has increased by 66.7 percentage for 6 years.

The apartment price in Pyongyang, North Korea has increased by 66.7 percentage for 6 years.
It is almost the same price at Dandong, Lianing Province in China.

Even though strong sanctions from the world, the economic development has never been decreased.
How is it possible?

Since 2002 North Korea has permitted black markets, Jangmadang. Smuggling between China and North Korea has increased and North Korea imports what they need from China.

http://www.yonhapnews.co.kr/bulletin/2017/05/11/0200000000AKR20170511169300097.HTML