| Publication |
2006.
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| Summary/Abstract |
This paper focuses on the challenge of developing North Korean Special Economic Zones (SEZs) successfully in terms of their ability to utilize and exploit both the competitive capabilities and the market forces of the adjacent South Korean economy. Figure 1 present the developmental path in linking the four SEZs, i.e., "the Westward Expansion Line," starting from the Gaeseong SEZ (via Pyongyang) to the Sinuiju SEZ, and "the Eastward Expansion Line," from Mt. Kumgang (via Won-san) to Rajin-Sunbong. This paper concludes that the route to success for North Korean SEZs lies potentially in not only utilizing South Korea's market competitiveness more effectively, but also in attracting greater levels of investment from South Korean private companies.
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