Although the DPRK is not usually thought of as a prime business destination, those that look beyond existing perceptions, see a country (and market) of 22 million people with much potential for profitable business due to relatively low levels of foreign business activities. In a number of industry sectors, the potential for growth and good rates of return on investment is great. There are many opportunities in different industries to develop business in North Korea. The country has an abundance of mineral wealth, other natural resources and a highly educated, well-trained and motivated workforce.
Sectors such as mining, energy, agriculture and IT are not only open to foreign investment, the DPRK Government is actively encouraging foreign investment and expertise in these areas.
As with other previously closed economies, early entry brings with it a number of advantages for businesses, from a lack of competition to working together with the Government on creating a more business friendly environment. TRAKO is in a unique position to assist foreign businesses in their DPRK related ventures – from the planning stage to implementation.
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