Orascom’s no closer to getting its cash from North Korea
Egypt’s Orascom Telecom Media and Technology (OTMT) has reported no significant progress in talks with the North Korean government over two big issues it faces in the country. In its…
Business
New cellular carrier is run by local ISP, says source
The new cellular carrier run by the North Korean government to compete with Koryolink is being run by a local Internet service provider, according to a source in Pyongyang. The…
Hana electronics venture profiled
Hana Electronics, one of North Korea’s best-known and only electronics companies, is profiled in the latest edition of “Foreign Trade” magazine. The company was established in May 2003 as a…
IBM, HP find North Korean gold in their supply chains
Almost 70 companies publicly traded on U.S. stock markets have found North Korean gold in their manufacturing supply chains. Among the more prominent names are electronics companies IBM, HP, Garmin, Philips…
Spring International Trade Fair doubles in size
The 17th annual Pyongyang’s Spring International Trade Fair was held last week and attracted around 300 companies, according to domestic media reports. The 2014 fair appears to have significantly grown…
Construction begins on Kaesong tech zone
North Korea began construction this week on a new industrial zone in Kaesong that it hopes will attract high-tech companies. The ground-breaking ceremony for the Kaesong Hi-Tech Industrial Park took…
High-tech industrial park planned for Kaesong
The North Korean government appears to be planning a high-tech industrial park close to the current industrial park at Kaesong, on the North-South border. No official announcement of the project…
Pyongyang mourning at Hana Electronics
Hana Electronics and the Hana Music Information Center, one of the last places reported to have been visited by Kim Jong Il before his death, was one of the locations used…
Kim Jong Il visits ‘LCD TV factory’
North Korean state media has reported on a visit by Kim Jong Il to the “May 11 Factory,” which it described as “a modern scientific research and production center which…
