earticle

영어

Different from governmental/government-financed construction projects, private construction projects in North Korea are placed in a complex and specific circumstance, thus being involved with a lot of risks. In this vein, it is necessary to take measures to manage such risk factors, but not many private construction projects in North Korea have been carried out so far and data and
preceding studies on its risk management plans could be hardly found. Therefore, the purpose of this study was to examine the risks of private construction projects in North Korea and suggest some risk management plans through some examples. For this, the investigator interviewed with people who were working for constructors and their collaborators, and used data on the training
of government officials. Study findings are as follows: 1)from planning to completion, risk factors of construction projects in North Korea were analyzed and measures were presented, centering on the approval of construction, shipping of materials, visiting procedures, stays, on-site construction, and safety supervision. 2) since the risk factors of private construction projects in North Korea are quite different from those of general construction projects, it is necessary to talk over a contract with the said party in North Korea fully in advance. 3) since the construction projects in North Korea are carried out in a specific site with which regular contacts are impossible, thorough advanced preparation is a must in order not to face the risks of cost and time.