Case Study: Doing Business with the DPRK Government;
Access to the North Korean Market.
The aims of the subject “Foreign Trade and Business in the Democratic People's Republic of Korea” are the following:
To analyze the North Korean Economy and International Trade;
To know the business opportunities in the Democratic People's Republic of Korea;
To explore the North Korean trade relations with the country of the student.
Foreign Trade and Business in North Korea:
The Subject “Foreign Trade and Business in North
Korea” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:
The main North Korean exports products are minerals, non-ferrous metals, garments, chemicals/plastics, machinery/electric and electronic products, animal products, wood products, vegetable products, and precious metals;
Most of the exported products from the Kaesong Industrial Complex are distributed in South Korea; a small quantity, 18% of the Kaesong Industrial Complex products is exported to international markets;
International Trade between the North and South Korea, legalized in 1988, had risen to near 1.68 billion dollars, much of it related to out-processing or assembly work undertaken by firms of South Korea in the Kaesong Industrial Complex;
Imports of the Democratic People's Republic of Korea: 3.58 billion dollars;
Top North Korean import products are minerals, petroleum, machinery/electronics, vegetable products, textiles, chemicals, non-ferrous metals, plastics, vehicles, and animal products;
The largest North Korean
trade partners are the
People's Republic of China, South Korea, Singapore, India, and Russia;
China is the largest foreign direct investment source (FDI).
The Democratic People's Republic of Korea also expanded its bilateral diplomatic ties, establishing diplomatic relations with Italy, the Philippines, Australia, Canada, the United Kingdom, Germany, and many other European Countries.
Korean language:
(c) EENI Global Business School (1995-2023)
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