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[4K] ONEUS, WHIB, LNGSHOT, KiiiKiii, SAY MY NAME, TNX, XG, 8TURN | On the way to Music Bank 260130
2026-01-30
Gov't Streamlines Procedures for Investment in NK
Written: 2007-10-22 14:44:11 / Updated: 0000-00-00 00:00:00
Procedures for South Koreans making smaller investments in North Korea have just gotten easier.
The Finance Ministry announced Monday it has revised rules on investment in the North and foreign exchange management, which affect investments under 100 million dollars.
For South Koreans investing in the North, the revision removes the administrative burden of reporting their business results to their banks.
A ministry official said the revision is part of ministry efforts to prepare for increased investment in the communist country.
He added the revision will enable the Export-Import Bank of Korea to better manage all information on investment there.
The Finance Ministry announced Monday it has revised rules on investment in the North and foreign exchange management, which affect investments under 100 million dollars.
For South Koreans investing in the North, the revision removes the administrative burden of reporting their business results to their banks.
A ministry official said the revision is part of ministry efforts to prepare for increased investment in the communist country.
He added the revision will enable the Export-Import Bank of Korea to better manage all information on investment there.
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