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Asia Sentinel
South Korean Businesses in the North Going Broke

South Korean Businesses in the North Going Broke

Our Correspondent
Aug 29, 2012
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Asia Sentinel
Asia Sentinel
South Korean Businesses in the North Going Broke
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The handful of South Korean businesses that are seeking to operate in North Korea have always had a tough time. Now, as relations have deteriorated between Seoul and Pyongyang, they have had their ability to operate severely cut back.

Some 800 of the 1106 companies registered to do business in the North are on the verge of bankruptcy and will soon go und…

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