North Korea has a fortune of 10 trillion dollars
10:05 - 21/01/2020
The information / Baghdad ..
The US National Interest Magazine stated that the North Korean system maintains an estimated $ 10 trillion in wealth that awaits raising minds to benefit from.
With China acquiring an estimated 90% of international trade with North Korea, the magazine said, new sanctions are expected to clamp down on what it described as the last remaining source of cash against Pyongyang.
"There are very limited ways for North Korea to make money, including selling weapons, smuggling and mining," said Choi Kyung Soo, head of the North Korea Resources Institute in Seoul.
Nevertheless, the American Journal of Military and Strategic Affairs stressed that the situation could change due to the presence of several countries looking to benefit from mineral wealth in North Korea.
In this context, he stated that the South Korean Ministry of Infrastructure had called in May for bidding for potential infrastructure projects in the North, including for the natural resources sector, which Seoul sees that its returns will cover the costs of rebuilding infrastructure in the Korean part. North if the Korean peninsula regained its unity.
The National Interest Magazine cited the British Guardian saying that the mineral resources available in North Korea, estimated at $ 10 trillion, could finance “several other generations of leaders called Kim”, in the event that Pyongyang decides to trade its nuclear ambitions with international economic aid.
The report suggests that North Korea's energy and mineral resources will remain unexploited for the foreseeable future, unless there is a sudden shift in Pyongyang's policy. End / 25AD