FIVE REASONS TO DO BUSINESS WITH NORTH KOREA

Abstract

North Korea is moving in the direction of an open market as China did a generation ago. With a substantial population of 22 million, the country has abundant natural resources and an affordable labor force that are attractive to contract manufacturers, importers of retail goods, and contractors of large turnkey projects. North Korea's strategic location in the Far East offers enormous savings in transportation cost for multinational firms wishing to ship goods to Southeast Asia and Europe. Five reasons to do business with North Korea are analyzed in the report.

Citation

Choe, S.T. and Huff, K.D. (2002), "FIVE REASONS TO DO BUSINESS WITH NORTH KOREA", International Journal of Commerce and Management, Vol. 12 No. 2, pp. 31-44. https://doi.org/10.1108/eb047442