N. Korea Opens Website for Trade, Investment | Be Korea-savvy

N. Korea Opens Website for Trade, Investment

The website of North Korea's "Foreign Trade of DPRK" (http://www.kftrade.com.kp/) captured on Oct. 15, 2018 (image: Yonhap)

The website of North Korea’s “Foreign Trade of DPRK” (http://www.kftrade.com.kp/) captured on Oct. 15, 2018 (image: Yonhap)

SEOUL, Oct. 15 (Korea Bizwire)North Korea has recently launched a new website dedicated to external trade and investment in what appears to be a move to induce more foreign investment to aid its economic growth.

The “Foreign Trade of DPRK” website — DPRK stands for Democratic People’s Republic of Korea, North Korea’s full name — seen on Monday, has multiple subcategories, including trade policy, trade law, a list of North Korean trading firms, investment targets, economic development zones and trade goods.

The new website seems to be in line with the Pyongyang regime’s April declaration of a bid to concentrate national resources on economic growth.

It carries detailed introductions to 14 investment targets, including hotels, a power plant, railways and restaurants in the Wonsan-Mount Kumgang international tourist zone on the east coast.


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