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RSS FeedsConstruction is booming in North Korea, but who`s paying?
(WorldNews South Korea)

 
 

13 april 2018 00:21:23

 
Construction is booming in North Korea, but who`s paying?
(WorldNews South Korea)
 


North Korea is racing forward with major development projects some experts believe are aimed at expanding a market for rented or privately owned real estate to help fortify the finances of Kim Jong Un`s regime against the bite of sanctions over its nuclear program. But the chronically cash-strapped government appears to be nurturing a fresh source of revenue - sales of property to the newly affluent class of North Koreans who have made their fortunes on the country`s growing, but still largely unofficial, market economy that has come into its own since Kim assumed power. ......


 
3 viewsCategory: General > Asia > South Korea
 
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