North Korea reveals a surprising openness to capitalism in its foreign investment laws. This understudied aspect of the country could carry decisive policy implications for sustainably ending the Korean War and the Korean nuclear crisis. There are nevertheless doubts on whether these laws truly...

China's shifting economic circumstances have been impacting the structure of its economic cooperation with North Korea. The Chinese economy has been slowing down since 2007 and China's Northeastern region has been suffering from labor shortage, especially young labor. Decreasing raw material...

This paper examines various channels and issues for foreign firms to invest in inter-Korean economic cooperation with the assumption that inter-Korean economic cooperation can be resumed after sanctions against North Korea have been lifted, and the same treatment is applied to foreign firms....