North Korea’s Daepung International Investment Group, Ltd (Daepung Group) has announced its “Main Target Areas for Economic Development,” with plans to attract foreign investments for the next decade.
Daepung Group presented the “The DPRK’s Main Areas of Economic Development (2010 to 2020)” which included an outline of “Main Targets of Economic Development.” In it were specific plans outlining economic development projects. The projects are separated into industrial, transportation, energy and agricultural development sectors.
North Korean media has reported on the “Ten-year Strategy Plan for National Economic Development,” which was passed by the DPRK Cabinet earlier this year. As a part of the national economic development strategy plan, North Korean authorities commissioned the Daepung Group to fully take the lead in achieving the major targets of the national economic development plan which include substructure construction, agriculture, power, coal, oil, and metal; with heavy emphasis placed on basic industries and regional development as the main sectors for development.
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