“Russian merchants greatly increasing in Pyongyang”

“In short time, many Russian merchants will be seen on the streets of Pyongyang”
Han Young Jin, Reporter from Pyongyang  |  2007-04-05 13:24
▲ Meeting with Kim Jong Il and Russian President Putin in 2004 ⓒ Yonhap News
On the 30th, Huanqiushibao, an international affiliated magazine of the Chinese People’s Daily, noted the above statement on Russia’s recent movement to invest in North Korea.

The paper said, “The Russian natural fuel gas business has already completed the preparation for providing energy support and is planning to manufacture petroleum in North Korea."

“Russia has pioneered the Chungjin-Siberia railroad for a long time” and “if they retain the Eurasia continental rail, then they will gain an annual economic profit of four hundred million dollars,” the paper commented.

Further, the paper said that “Russia is finishing its preparation of surplus concentration in the Wondong (Far Eastern region) to export to North Korea.” As a provision of support to invest in North Korea, Russia is also driving the construction of the Kraskino-Chungjin 50,000 kv railway line for exporting Korea remodeling business and concentration of energy in Wondong to three thermal generating plants in the North.

The paper relays a Russian economic expert’s voice to expand investment in North Korea

Prekofts, Russia’s Wondong Economic Research Institute Chair, said, while emphasizing the importance of investment expansion, “We cannot limit items to invest in North Korea to resource and energy areas. China has already built a glass factory in North Korea. Why can’t we do what China is doing?”

Russia Considers Cancellation of 80 percent of North Korean debt

The paper said, “According to the numbers of the Russian government authorities, the 2006 trade figure with North Korea amounted to 210 million dollars and has been reduced by 13 percent compared to the previous year.” In the midst of such a situation, Russia has sufficiently considered the development potential of the North Korean market and is establishing a plan to encroach on the market according to the forecast that “it will be advantageous for the pre-acquiring party.”

According to the paper, President Putin commented, “The economic power with the world’s fastest rate of financial progress is overwhelmingly the Asia-Pacific region.”

The paper also said that because Russia considers of importance the strategic position of North Korea for connecting Europe and Asia-Pacific countries, it has considered the forward-looking way of remitting 80 percent (64 hundred million dollars) of North Korea’s 80 hundred million dollar debt.

The current system of exchange between North Korea and Russia is the former exporting labor power and agricultural goods and latter exporting energy, oil, and raw materials.

The paper reported that there has been opposing public opinion regarding Russia’s investment in North Korea. Because North Korea is not economically well-off, short-term recovery of investment gains is difficult.

The paper pointed out that a Russian merchant Merikonoft, who engages in international trade, said the following, “I do not have immediate plans to invest in North Korea. North Korea does not have laws for protecting foreign capital, so doing business is a type of exploration.”
 
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김명규

이글이 북인권국제회의에 대해 반대하는 이유가 무엇인지 정말 의심스럽다. 이들은 북한 인권에대해 진심으로 모르는 것인가?? 통일연대라는 단체 명을 가지고 북한 사회가 어떤 상황인지도 모르면서 통일을 말하는 것은 모순이라고 생각한다. 통일연대는 아마 북한의 상황을 파악하고 있을것이라 생각한다. 단지 북한사회를 바라보는 관점이 달라서 그런것일수도 있다고 생각하다. 통일연대가 북한의 상황에 대해 알고 있다면 과연 국제 인권회의를 반대할 이유는 없다고 생각한다.    | Edit | X 

홍진규

최악의 독재자 김정일 정권은 붕괴되어야 한다~그것이 바로 한반도의 평화를 보장하는 길이며 우리민족을 살리는 길이고 나아가 세계민주화에 기여하는 길이다 그리고 쓰잘데없이 체력낭비하지말고 집구석에 쳐박혀 탈북자수기집 한글자만이라도 보아라 그래야 북한정권과 인민을 분리하는 최소한의 사고라도 할 수 있을테니....    | Edit | X 

cacap

늦었다고 생각하는 때가 적시입니다. 제발 통일연대가 정신차렸으면 좋겠습니다. 현실을 직시하고 올바른 판단을 할 수 있기를..    | Edit | X 

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