N. Korea boosts company creation before party anniversary

N. Korea boosts company creation before party anniversary

North Korea’s Cabinet has ordered people’s committees in major cities—including Nampo, Rason, Sinuiju and Wonsan—to dramatically increase the number of approved companies ahead of the 80th anniversary of the ruling party’s founding. According to a Daily NK source in North Korea, the Cabinet issued administrative guidance on Aug. 23 directing people’s committees to actively approve new business… Source