Posted inAT Finance, Cambodia, China, Hong Kong, Indonesia, Japan, Macau, Middle East, Myanmar, North Korea, Northeast Asia, Russia, Singapore, South Asia, South Korea, Taiwan, Thailand, Vietnam, World

Front companies keep North Korea afloat

While punitive sanctions may inhibit North Korea’s ability to trade and access international banking and financial services, Pyongyang has found a convenient way around such obstacles: a string of front companies in East Asia and beyond. Though staunchly socialist at home, the North Korean government has been quite successful in running capitalist enterprises abroad, ensuring […]

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