Partners
Here is a summary of some of our partners and ventures that we have worked with, and are working with, in the DPRK. Further details about these can be accessed via the relevant links.
Hana Electronics JVC
This is a joint venture with Phoenix Commercial Ventures, further details of which can be accessed via this link Hana Electronics JVC
Sinji JVC
This is a joint venture with Phoenix Commercial Ventures, further details of which can be accessed via this link Sinji
Seungri JVC
This is a lube oil blending plant located in Nampo, further details of which can be accessed via this link Seungri JVC
Soybean Oil Project
Details of this project can be accessed via this link Soybean Project
Copper refinery - Details upon request
Production of natural graphite powder and graphite products - Details upon request
Production of electric fusion high quality magnesia clinker - Details upon request
Assembly and production of construction and mining machinery - Details upon request
Gold Extraction Project - Details upon request
Modernisation of Hyesan Youth Copper Mine - Details upon request
Modernisation of Susan Titanium Mine and Production of Titanium Slag - Details upon request
Technical Rehabilitation and Expansion of Sijung Calcium Mine - Details upon request
Modernisation of Songchon Lead and Zinc Mine and Development of a Copper and Nickel Mine - Details upon request
Modernisation of Unjon Mica Mine - Details upon request
Development of Phungnyon Nephelite Mine - Details upon request
Development of Kangan Multi Mineral Mine - Details upon request
Moulded Plastic Shoe/Boot Factory - Details upon request
The above projects are given the following privileges according to:
-The law on foreign investment
-The law on equity joint venture
-The law on contractual joint venture of the DPRK
Specifically, investors will be accorded generous tax concessions:
- A reduced rate of tax of 10% (standard rate - 25%)
- An additional tax exemption - whereby the investor is fully exempt from paying tax from the year of investment for 3 years, and 50% exempt for the subsequent 2 years
- Any tax paid will be returned, if a subsequent investment is made
Please feel free to contact us, via our contact form.
|
