Laws on Economy & Trade

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  Law on Equity Joint Venture

  Law on Contractual Joint Venture

  Law on Wholly Foreign-owned Enterprises

  Law on Rason Economic and Trade Zone

  Law on Hwanggumphyong and Wihwado Economic Zone

  Law on Economic Development Parks

  Regulations for Establishing and Operating Enterprises in Economic Development Parks

  Regulations for Operation of Management Body of Economic Development Parks

  Regulations for Establishment of Economic Development Parks

  Regulations for Labour in Economic Development Parks

  Regulations on the Development of Economic Development Parks

  Regulations of the Democratic People’s Republic of Korea on Environmental Protection in Economic Development Parks

News :: 2015 Seminar on Investment in Int'l Tourist Zone Held

The 2015 Seminar on Investment in Wonsan-Mt. Kumgang International Tourist Zone took place in Mt. Kumgang on May 27.

Present at the briefing were members of the Committee for the Promotion of Development of Wonsan-Mt. Kumgang International Tourist Zone including its Chairman Yun Yong Sok, a delegation of the Dalian Branch of the World Trade Association of Overseas Koreans, a delegation of the Chinese Liaoning Beisida Group Co. Ltd., a delegation of the Chinese Liaoning Provincial Hubei Commerce Chamber, a delegation of the Liaoning Northeast Asia Society for Promoting Economy and Culture and a delegation of the Global Businessmen's Group Co. Ltd. for Investment of Hong Kong, China, Swedish and other foreign guests and foreign embassy officials in the DPRK.

Congratulatory speeches were made there.

Yun Yong Sok said that the DPRK government worked out a long-term master plan for developing the tourist zone in a brief span of time and is in the process of rounding off detailed plans for different areas. This zone will turn into a world-famous tourist destination and a hub for economic and cultural exchanges before long, he added.

The general manager of the Global Businessmen's Group Co. Ltd. for Investment of Hong Kong, China said that staying in the DPRK, he clearly learned that the Korean people have achieved successes in developing the economy and improving the people’s living standards.

Industrial Establishments :: Korea Sangop Trading Corporation

This corporation, inaugurated in March 2003, has under its control a building materials processing station, which deals with the production of soft drinks kiosks, a garment processing factory in Sosong District, a processing workshop in Phyongchon District, a fishing station in Nampho and several shops.

It engages in bonded processing of various kinds of quality garments, including padded jumpers and trousers, under contract with its counterparts in different countries, and briskly carries on transactions such as export of processed aquatic products.

The Sungnigori Shop affiliated with the corporation puts on sale bedside, wall and table lamps, chandeliers and other LED lamps which are in wide use in families and offices.

Bread and other foodstuffs enjoy great popularity among buyers for their high quality.

The corporation will further develop cooperation and exchanges with its counterparts and individual investors in various sectors including technical and material exchanges and bonded processing.