Hana Business, an information technology firm engaged in IT projects in North Korea, will set up a program center in Dandong, northeastern China, in a joint venture with North Korea's Pyongyang Information Center.
Hana will invest up to $2 million dollars in the future program center, intended to develop software on a contract basis, while Pyongyang Information Center will supply programmers.
The two agreed to run the joint venture for 20 years.