{"id":39891,"date":"2019-03-11T17:50:53","date_gmt":"2019-03-11T08:50:53","guid":{"rendered":"https:\/\/www.dailynk.com\/english\/?p=39891"},"modified":"2020-01-17T09:21:42","modified_gmt":"2020-01-17T00:21:42","slug":"north-koreas-fishing-industry-gets-boost-from-private-investment","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/north-koreas-fishing-industry-gets-boost-from-private-investment\/","title":{"rendered":"North Korea’s fishing industry gets boost from private investment"},"content":{"rendered":"
\"Kim<\/a>
Kim Jong Un visits a shipyard in Chongjin, North Korea in July 2018. Image: KCNA<\/figcaption><\/figure>\n

The number of de facto private enterprises thriving in North Korea\u2019s nascent market economy continues to grow, with Chongjin fishing businesses emerging as one of the latest permutations.<\/p>\n

Since coming to power, Kim Jong Un has frequently stressed the importance of developing North Korea\u2019s fisheries industry, and sought equipment and resource supplies from the people.<\/p>\n

\u201cThe people\u2019s skills and effort make possible what the factories cannot. We need 3-ton and 5-ton boats to catch fish. The donju can make it happen, investing money and resources so that the factories can provide them,\u201d a source in North Hamgyong Province told Daily NK.<\/p>\n

\u201cThe quality and performance of the ships built with private investment is so much better than anything produced by the small and mid-sized state enterprises.\u201d<\/p>\n

Shipyards in North Korea are generally small and designed to produce small to medium-sized vessels, primarily operating under the auspices of the military. However the facilities are often in poor condition and suffer from significant supply side shortages.<\/p>\n\r\n