Don't all jump at once: politics still stalls U.S. investment in North Korea
Article Abstract:
US businesses have begun showing an active interest in North Korea but few plan to make actual investments in the next few years. US restrictions on trade remain the primary obstacle. Only telecommunications, magnesite trade, and some financial transactions are currently allowed. Most hoping for deals in the near future want part of the plan to construct nuclear reactors in North Korea. Politics remains predominant, with observers unsure whether the US Congress will authorize payment for a promised 100,000-tonne fuel-oil shipment.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Fast friends: Clinton and Kim present a united front to Pyongyang
Article Abstract:
US President Bill Clinton and S Korean President Kim Young Sam on July 27 emphasized their two countries' close relationships and told N Korea that it will not separate them. Ties between S Korea and the US have grown strained as the latter negotiates with Pyongyang over its nuclear program, and tries to make it deal directly with Seoul. A proposed peace-treaty arrangement between the two Koreas, with the US and China as the guarantors, seems unlikely to succeed soon due to strains between those two countries.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Odd man out: U.S.-Korean car deal helps keep Japanese at bay
Article Abstract:
A Sept 28, 1995 agreement between Seoul and Washington gives US automakers greater access to S Korea's market through more liberal standards, lower taxes, and equal advertising rights. The agreement, reached under threat of US sanction, avoids a trip before the World Trade Org that neither country wants. A complaint before that body would raise the point of S Korea's illegal ban on Japanese cars, but neither S Korea nor the US want that competition.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Comment about this article or add new information about this topic:
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