The TAEGYONG GROUP, descendant of the former CPEEC (Committee for Promotion of External Economic Cooperation of the DPR of Korea), is a business grouping directly guided by the Ministry of Foreign Trade in the DPR of Korea.
Its business areas cover mining, processing, trading and servicing in a wide range of industries. It has stakes in over 20 companies and factories which are engaged in various mineral developments (eg ferrous and non-ferrous metallic and non-metallic ores), as well as garment processing, financing, shipping, IT development and servicing, foreign and domestic trading and domestic transportation.
It has its representative offices, traditional restaurants and hospitals operating in several countries.
The Group takes pride in its long history (about 20 years) of consulting services provided by its predecessor, utilising its highly experienced experts to attract many foreign investments to the country and successfully matching them with local projects.
It continues to render, in a non-governmental capacity, not only these services but also offers additional financial support to commercially viable projects through investment or loans.
Its consulting service consistently adds value via ensuring the shortest possible period for investment repayment, striving to minimise investors’ risk and establishing either a new processing model or a modern production base by introducing state-of-the-art technology, in order to ensure projects can be competitive and reliable in international markets.
Major exports of the Group include; concentrated ores (eg gold and iron, lump talc), and a variety of ready-made garments ordered by foreign customers. Its imports include mining equipment, and consumer necessities such as clothes, furniture etc.
TAEGYONG GROUP, as a national manufacturer and trader producing a number of industrial exports, benefits from protective laws and regulations enforced in the country.
Legal representation of the Group is exercised by its Director General, whose responsibility is to carry out operational management of the whole group from its administrative headquarters while supporting and coordinating directly its subsidiaries and affiliates with regard to important financial and management issues.
The Group is putting great effort into participating actively and competitively in the global market, securing more favourable conditions in trading capital and/or goods and achieving success in local and foreign projects.
To this end, the Group welcomes approaches from world economic organisations, private companies as well as individual investors with a view to expanding its business relationships and cooperation based on the principle of mutual benefit and equality.
Taegyong Group have produced a booklet outlining the investment regulations for those wishing to invest in the DPRK. You can download the English version here Investment Regulations (1.5MB)
Board Structure of Taegyong Group
