earticle

영어

DPRK has a chance to enlarge its geopolitical advantages as China promotes a long-term strategic developmental plan on the Northeastern 3 provinces which have a close relationship with DPRK through the cross-border trade and investment. However, the developmental plan on the Northeastern 3 provinces that China now promotes as a national policy is not always beneficial to the revival of DPRK economy or to the inter-Korean economic cooperation.
Especially China’s efforts to restructure the heavy and chemical industry of the old industrial complex in the Northeastern 3 provinces and invite the foreign investment can influence on the inducement of foreign capital or the economic revival of DPRK.
If the projects that can promote the local economic cooperation between DPRK and the Northeastern 3 provinces, such as transport, connection among distributive infras, cooperative development and application of resources, are more activated, the DPRK cities on the border area will experience changes in their economic situation and industrial production. The modernization of the distributive infras as well as the promotion of trade and investment will
reorganize some DPRK cities, such as Sinuiju, Cheongjin, Naseon, into transit bases of export and distribution. These changes will also influence on the structure of the inter-Korean economic cooperation and the investment of the South enterprises toward the North.
There is few possibilities of DPRK’s repeating the Chinese reformative, developmental plan. However, it is evident that DPRK government is concerned about the economic pragmatism that China has chosen in the course of its reforming, especially about the special economic zones, and the stratal promoting policy on the strategic industries. Therefore, China should inform DPRK of the need to reform and support the industrialization of the border cities and the railroading between two Koreas and China which enables the DPRK to open doors. DPRK also should consider the significance of the economic cooperation with China and the connection of infras regarding the development of border cities such as Sinuiju, Ganggye, Naseon. Therefore, DPRK should try to obtain active support from Chinese government and direct investment from Chinese
enterprises and overseas Chinese.