Investment environment in Rason Economic and Trade Zone

Nature and geography

Natural resources and infrastructures

Legal groundwork and economy

Finance, education and culture

Investment Projects

Projects for Development of Industrial Parks

Projects for Development of Tourist Destinations

Investment Projects for Local Industries

Investment Items

Investment Policy

Tax Policy

Procedures of Enterprise Establishment

Management Committee of Rason Economic and Trade Zone

The Zone particularly encourages investment in infrastructure construction, state-of-the-art science and technology and production of internationally competitive goods.

① Infrastructure construction

- Airports: An international airport to be built in Samhae-ri, Chongam District, Chongjin City, North Hamgyong Province Heliports to be built in Rajin and Sonbong Areas
- Rajin Port: It is planned to develop it into an international goods port with an annual turnover of 100 million tons.
- Sonbong Port: It is planned to develop it into an international port with an annual turnover of 20 million tons of industrial resources.
- Ungsang Port: It is planned to develop it into an international port with an annual turnover of 5 million tons of bulk cargoes.
- Drainage network: It is planned to re-build drainage network by cut-and-cover methods, improve the Tuman River and other 5 streams and build a sewage disposal network.
- Water supply network: It is planned to reinforce Rason Reservoir, build a new reservoir and complete the water supply system.
- Power Supply: It is planned to perform a technical updating of the Sonbong Thermal Power Plant, build a thermal power plant and create a capacity of 1 million kW by making use of wind, solar and other natural energy resources.
- Communications: It is planned to put all the communication lines on an underground cable and duct basis.
- Railway: It is planned to build a new railway to bypass the existing one in the city centre.
- Roads: It is planned to build Rajin-Wonjong highway, a new bridge on the border, Rajin-Sonbong-Ungsang-Tumangang highway and Chonghak-Tumangang highway.
- Heating system: It is planned to build a heat-generating power station and make use of geothermal and solar energies and methane gas.

② Hi-tech industry: Manufacture of computers, telecommunications facilities, electronic household appliances, and biomedical products

③ Energy and raw materials industry: Development of energy, building materials, steel, nonfer rous metals, coal, oil and natural gas, timber processing industry, petro-chemical industry, chemical fibre industry

④ Machine-building industry: Manufacture of vehicles, light industry machines, processing machines, farming equipment and ship-repairing industry

⑤ Sector of cutting-edge science and technology for commodity production at international standards

⑥ Light industry: Textiles, garments, footwear, foodstuffs, marine products, livestock products, alcoholic drinks and mineral water

⑦ International logistics industry: Local logistics, export/import logistics, transit trade logistics, goods storage and comprehensive bonded processing trade

⑧ Tourism: Border-crossing tourism, construction of holiday-making and sightseeing bases and a tourist resort on Pipha Island

⑨ High-efficiency agriculture: Establishment of a high-efficiency agricultural experimental quarter, and construction of production bases for rice and maize, seeds, saplings, livestock products, seafood and for processing agricultural produce

⑩ Financial business: Banking business, trust business, securities dealing business and loan business