TITLE

Country Risk Summary: NORTH KOREA

PUB. DATE
May 2003
SOURCE
Asia Monitor: China & North East Asia Monitor;May2003, Vol. 10 Issue 5, p12
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article overviews political, economic and business environment of North Korea as of May 2003. North Korea's biggest political fear is of becoming an international outcast. To prevent this, the state's current ploy is to refuse to sit at the diplomatic negotiating table if Japan and South Korea say they want to be present with the U.S. when discussing the issue of North Korea's nuclear threat.The country believes that its best chance of keeping hold of its nuclear arsenal is to avoid joint talks. North Korea stands risk of economic collapse as food shortages remain widespread, power cuts are frequent and the country does not have hard currency to pay for imports.One of North Korea's recent market-based reforms is to pave the way for the introduction, in the town of Kaesung on the border with South Korea, of a special economic zone, meaning an industrial park where foreign companies would be given a free hand.
ACCESSION #
9865594

 

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