Established in July 2012, the corporation is empowered for the general development in the Sinuiju international economic zone.
It pushes ahead with the work for developing the Sinuiju area into a general economic zone and an international city with hi-tech industry, securities financing, bonded processing trade, tourism, real estate and investment.
Business and management activities in the area are legally ensured by the DPRK Constitution, Law of the DPRK on Economic Development Parks and the government’s policy for economic development to establish economic development parks in provinces in accordance with their actual situation and develop them in a characteristic way.
Regulations and rules for all spheres of development of economic development parks have already been compiled and published, and legal environment favourable for investment and business establishment and management created.
A border area by the Amnok River between Korea and China, the Sinuiju international economic zone is situated in a favourable place as it is linked to China, Russia and Japan by Korea-China Amnokgang Bridge which is near completion, an international airport and an international port which is planned to be built in the coastal areas in Cholsan and Yomju counties of North Phyongan Province, and a motorway and a high-speed railroad to be built along the western coastal area. It also has abundant water resources as the Amnok flows by it.
As it also is rich in human resources including graduates from universities, colleges and secondary schools and neighbours Imdo, Wihwado and Hwanggumphyong economic development parks, it has bright prospects for investment and development.
The corporation specially encourages investment in the fields of infrastructure construction, top-notch science and technology and production of goods competitive in international market, and plans to see it that foreign investors set up various types of businesses including solely-owned company, and branch or agent office and manage them on their own will.
The corporation warmly welcomes investors who are interested in the international economic zone, and will make sincere efforts to provide every possible condition and convenience for their activities.
More From Uriminzokkiri (En)
City and county organizations of the Workers' Party of Korea are making an intensive study to deeply grasp the idea and spirit of
January 09, 2024
City and county organizations of the Workers' Party of Korea are making an intensive study to deeply grasp the idea and spirit of
The Korean people, who successfully passed the third year of the implementation of the five-year plan for national economic
January 09, 2024
The Korean people, who successfully passed the third year of the implementation of the five-year plan for national economic
The General Staff of the Korean People's Army (KPA) issued the following report on Sunday: According to the ratification of the
January 08, 2024
The General Staff of the Korean People's Army (KPA) issued the following report on Sunday: According to the ratification of the
The very important report and conclusion made by the respected General Secretary Kim Jong Un at the 9th Plenary Meeting of the 8th
January 08, 2024
The very important report and conclusion made by the respected General Secretary Kim Jong Un at the 9th Plenary Meeting of the 8th
Kim Yo Jong, vice department director of the Central Committee of the Workers' Party of Korea, on Sunday issued the following
January 08, 2024
Kim Yo Jong, vice department director of the Central Committee of the Workers' Party of Korea, on Sunday issued the following
All the people of the DPRK out in the new year advance are intent on the intensive study to fully arm themselves with the new idea
January 08, 2024
All the people of the DPRK out in the new year advance are intent on the intensive study to fully arm themselves with the new idea
There are many people in the Democratic People’s Republic of Korea, who regard love of and devotion to others as their duty.
January 07, 2024
There are many people in the Democratic People’s Republic of Korea, who regard love of and devotion to others as their duty.
Pyongyang, January 5 (KCNA) -- The General Staff of the Korean People's Army (KPA) issued the following report on Friday: On the
January 07, 2024
Pyongyang, January 5 (KCNA) -- The General Staff of the Korean People's Army (KPA) issued the following report on Friday: On the
Saussurea seoulensis syringin developed by the Kuryongsan Pharmaceutical Manufactory is winning growing favour among users as the
January 06, 2024
Saussurea seoulensis syringin developed by the Kuryongsan Pharmaceutical Manufactory is winning growing favour among users as the
Among those who took the floor at the Second National Conference of Exemplary Young People of Virtue held in May Juche 104 (2015)
January 06, 2024
Among those who took the floor at the Second National Conference of Exemplary Young People of Virtue held in May Juche 104 (2015)
Kim Yo Jong, vice department director of the Central Committee of the Workers' Party of Korea, on Tuesday issued the following
January 05, 2024
Kim Yo Jong, vice department director of the Central Committee of the Workers' Party of Korea, on Tuesday issued the following
Leading newspapers of the DPRK Thursday editorially call upon the officials and working people to successfully carry out the tasks
January 05, 2024
Leading newspapers of the DPRK Thursday editorially call upon the officials and working people to successfully carry out the tasks
The Yoon Suk Yeol group of puppets, who spent days and months of 2023 with dangerous military provocations to push the Korean
January 05, 2024
The Yoon Suk Yeol group of puppets, who spent days and months of 2023 with dangerous military provocations to push the Korean
Rodong Sinmun Wednesday says in an article that there are countries which make efforts to tide over the difficulties and bolster
January 04, 2024
Rodong Sinmun Wednesday says in an article that there are countries which make efforts to tide over the difficulties and bolster
Officials of the Central Committee of the Socialist Patriotic Youth League conducted political work at the construction site of
January 04, 2024
Officials of the Central Committee of the Socialist Patriotic Youth League conducted political work at the construction site of
All the people and service personnel of the Korean People’s Army greeted the New Year Juche 113 (2024) significantly. Visitors
January 03, 2024
All the people and service personnel of the Korean People’s Army greeted the New Year Juche 113 (2024) significantly. Visitors
Pyongyang, January 2 (KCNA) -- The grand art performance in celebration of the New Year 2024 is going on with splendor amid the
January 03, 2024
Pyongyang, January 2 (KCNA) -- The grand art performance in celebration of the New Year 2024 is going on with splendor amid the
A gala evening of youth and students took place at Kim Il Sung Square in the capital city of Pyongyang on December 31, 2023 on New
January 02, 2024
A gala evening of youth and students took place at Kim Il Sung Square in the capital city of Pyongyang on December 31, 2023 on New
A national flag-hoisting ceremony was solemnly held on January 1, Juche 113 (2024), at Kim Il Sung Square. At 00:00 sharp, a bell
January 02, 2024
A national flag-hoisting ceremony was solemnly held on January 1, Juche 113 (2024), at Kim Il Sung Square. At 00:00 sharp, a bell
The Mangyongdae Schoolchildren’s Palace in Mangyongdae District in the capital city of Pyongyang is a base for extracurricular
January 01, 2024
The Mangyongdae Schoolchildren’s Palace in Mangyongdae District in the capital city of Pyongyang is a base for extracurricular
More Articles