North Korea east group co ltd

Are South Korean mines a foreign company?

There are many mines in North Korea, but according to our survey results, most of the mines are not fully operational due to electricity shortages, antiquated facilities, and poor maintenance. In North Korea, South Korean companies are considered neither a foreign company nor a domestic company.

Is North Korea a Chinese country?

The North Korean population, which has been largely isolated since 1945, is almost entirely Korean, with a small number of Chinese constituting the only other significant ethnic group. When did North Korea conduct its first underground test of a nuclear device?

Which North Korean shipping companies were blocked by OFAC under EO 13810?

OFAC designated the following 16 North Korean shipping companies pursuant to E.O. 13810 for operating in the transportation industry in North Korea and blocked 19 of their North Korean-flagged vessels: Korea Myongdok Shipping and its products tanker YU PHYONG 5.

How many foreign companies are involved in North Korea Mining?

Foreign companies have participated in about 25 mining projects in North Korea. China, Japan, the United States, and the United Kingdom have participated in North Korean mining projects. Chinese companies, in particular, have been aggressively participating in North Korean mineral development since 2003.

Do North Korean mines have a low voltage?

According to the South Korea Mine Survey team’s data, it is assumed that North Korean mines have very weak electric systems and low-quality electricity (voltage values in North Korea are approximately 130–205V, normal voltage is 220V) and frequency variations are 39–54Hz (normal frequency is 60Hz).

Is North Korea a communist country?

Over time North Korea has gradually distanced itself away from the world communist movement. Juche, an ideology of national self-reliance, was introduced into the constitution as a "creative application of Marxism–Leninism " in 1972. The means of production are owned by the state through state-run enterprises and collectivized farms.