News Summary: NKorea zone shows change's limits

Save Story
Leer en espaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(AP) - ZONE OF CAPITALISM: The Rason Special Economic Zone, some two decades old, is intended to be a petri dish of North Korean capitalism, and leaders plan to expand the experiment all over the country.

ECONOMIC EXPANSION: Last month, North Korea announced plans to create economic zones in every province. But it's unclear how far Pyongyang is willing to go. A look at Rason suggests that it is not so desperate to revive its moribund economy that it will risk major changes.

IN RASON: In appearance, Rason remains in every way an outpost city _ albeit one that is better off than most in the North. Its showcase enterprises _ the Sonbong Textile Factory, a seafood processing plant, a sprawling but seemingly yet-to-open chemical production complex _ are hardly cutting-edge or transformative.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast