North Korea welcomes foreign businessmen to invest in North Korea with new legislation

According to the Korean Central News Agency report on the 5th of June, the DPRK Supreme People’s Assembly Standing Committee on May 29 issued a decree approving the Economic Development Act. The Act provides guidance for the development and management of the Korean economic development zone, and encourages foreign establishment of enterprises, branches and offices in the Economic Development Zone and carry out free economic activities; DPRK will provide preferential treatment and legal protection in this respect.

Source: ChinaNews

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