The DPRK is market of 24.5 million people with an enormous business potential, due to relatively low levels of foreign business activities. The country has an abundance of mineral wealth, other natural resources and a highly educated, well-trained and motivated workforce.
Sectors such as mining, energy, agriculture and IT are open to foreign investment; indeed the DPRK Government is actively encouraging foreign investment these areas.
As with other previously closed economies, such as Central and Eastern Europe, early entry means a lack of competition and the potential for a close working relationship with the Government.
Phoenix Commercial Ventures is uniquely positioned to assist foreign businesses and investors with investments and business opportunities in the DPRK.
DPRK has developed diplomatic and trade/business relationships with; Italy, the Philippines, Australia, Great Britain, Germany, Canada, Luxembourg, Greece, Brazil, New Zealand, Kuwait and most recently the European Union. There has also been a fundamental improvement in the friendly ties within the Korean peninsula.