BusinessNK's Channel

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23,582 video views

2:18

2 years ago

Nosotek IT JV, Pyongyang, North Korea - the first Western IT venture!

The Number One Software Technology JV or, in short, NOSOTEK JV, is the first western and DPRK IT joint venture in North Korea (DPRK). It was initia...

4,494 views

BusinessNK uploaded
9:41

2 years ago

European Business Association (EBA), Pyongyang

European Business Association (European Chamber of Commerce), Pyongyang.

Press release on the occasion of its founding ceremony on April 28, 2005:...

4,625 views

BusinessNK uploaded
0:12

2 years ago

Pyongyang Business School, Pyongyang, DPR Korea

Pyongyang Business School (PBS) - Providing professional skills to North Korean enterprises to set foot in foreign markets and to enhance the abili...

2,201 views

BusinessNK uploaded
0:35

2 years ago

Discover North Korean artists on www.pyongyang-painters.com

This short video, made by www.pyongyang-painters.com, shows ordinary people from Pyongyang dancing and singing at the Moranbong park in Pyongyang i...

925 views

BusinessNK uploaded
0:12

2 years ago

Discover North Korean artists on www.pyongyang-painters.com!

This short video, made by www.pyongyang-painters.com, shows an artist who is painting at the Moranbong park in Pyongyang in spring 2009. The Mo...

703 views

BusinessNK uploaded
5:40

2 years ago

PyongSu Pharma J.V. Co., Pyongyang, and what it stands for.

PyongSu Pharma is the first western and North Korean joint venture (JV) company in the medical field. In 2008 it was recognized by the government a...

3,212 views

BusinessNK uploaded
6:00

2 years ago

Foreign investment and business in North Korea (by pro DPRK Chongryon TV, Japan), part 3 of 3

The purpose of this film is to highlight the legitimate business opportunities available in the Democratic People's Republic of Korea (North Korea)...

1,878 views

BusinessNK uploaded
8:43

2 years ago

Foreign investment and business in North Korea (by pro DPRK Chongryon TV, Japan), part 2 of 3

The purpose of this film is to highlight the legitimate business opportunities available in the Democratic People's Republic of Korea (North Korea)...

2,091 views

BusinessNK uploaded
9:07

2 years ago

Foreign investment and business in North Korea (by pro DPRK Chongryon TV, Japan), part 1 of 3

The purpose of this film is to highlight the legitimate business opportunities available in the Democratic People's Republic of Korea (North Korea)...

3,453 views

BusinessNK uploaded

About BusinessNK's channel

More economic isolation of North Korea or more economic co-operation with it?

BusinessNK is politically neutral. It wants to contribute to help foreign business people better understand North Korea and its business environment and seize business opportunities. It does not believe that economic isolation and pressure towards North Korea, carried out by foreign powers during the last 60 years, have achieved positive results and doubts that even stronger embargoes and sanctions, launched more recently, can solve problems. It prefers engagement, dialogue and economic cooperation. The videos kindly provided by visitors and friends illustrate constructive examples of economic cooperation and engagement.

BusinessNK invites companies and individuals to share their DPR Korea business experience with other business people interested in doing business with the DPR of Korea (North Korea). It is pleased to upload films from them.

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Created by

BusinessNK

Latest Activity

Aug 25, 2009

Date Joined

Mar 1, 2009

About this user

ABOUT US:
A video, shown e x c l u s i v e l y on this channel, witnessed the foundation of the European Business Association in Pyongyang on April 28, 2005.

1 year later, The Korea Herald, South Korea's leading English language daily, wrote:

Business group celebrates first anniversary

A year ago today the European Business Association was established in the northern capital of Pyongyang. Bringing together a diverse range of companies involved in banking, shipping, pharmaceuticals and manufacturing, the EBA sees its primary role as a bridge builder, encouraging more European businesses to invest in and do business with North Korea.
"We hope to encourage even more European businesses to come here," Felix Abt, president of the EBA told The Korea Herald.
The association admits that compared to China, for example, there has been comparatively weak interest among European companies. The EBA said this is mainly because there is a lack of awareness in Europe regarding the promising business and investment potential of North Korea.
However, Abt said the past year has seen some notable successes with a number of new European businesses establish themselves in Pyongyang and sign contracts in the mining, electrical equipment and IT sectors.
"More European companies are interested in investing and doing business here which means the membership of the EBA is gradually increasing," he said.
"We have also seen a generally better understanding by our North Korean partners of how European enterprises work, their needs and what realistically can be expected from them," Abt said. Abt, who is the resident chief representative of a large European manufacturing and trading group, said the EBA sees growing opportunities, particularly in the light industrial and IT sectors.
Obviously, moves by the U.S. Treasury to isolate the Macau-based Banco Delta Asia and its cooperating banks for allegedly facilitating money-laundering activities by the North has had an impact on legitimate businesses in Pyongyang.
Nevertheless, Abt remains upbeat, "When the confiscated funds belonging to the Daedong Credit Bank and its customers are returned, we will have a huge party," Abt said.
The Korea Herald, April 28, 2006

"DPRK Chamber of Commerce and EBA Pyongyang to boost cooperation between North Korean and European companies." Visit: http://www.flickr.com/photos/felix_abt/5195118380/in/photostream/

You will find other i m p o r t a n t videos related to foreign business activities in North Korea on this channel which you cannot find anywhere else.

Companies

"NORTH KOREA - A DEMANDING BUSINESS ENVIRONMENT" - Unbiased, useful and practical tips (not the usual bullshit by self-styled experts) based on a unique wealth of experiences by a Western business pioneer in North Korea can now be downloaded from the website of the German Asia-Pacific Business Association. Go to http://www.oav.de/aktuell/insight-asia-pacific/ Click:"3/2009 Download Auszug"

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