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Home :: Trade Leads By Country : North Korea



NORTH KOREA

North Korea, Countries by TradeNorth Korea, Countries by Trade

Introduction

North Korea is a fast growing economy and is a very beautiful country.This country is going to be one of the major powers in the continent and is an emerging super power.Officially Democratic People’s Republic of Korea, country in northeastern Asia that occupies the northern portion of the Korean Peninsula. North Korea is bounded on the north by China, on the northeast by Russia, on the east by the East Sea (Sea of Japan), on the south by South Korea and on the west by the Yellow sea .It has an area of 120,538 sq km (46,540 sq mi). The state of North Korea was established in 1948 as a result of the Soviet military occupation of the northern portion of the peninsula. The capital and largest city of North Korea is Pyongyang.The people of this country are very co-operative and hospitable and have a religious bent of mind.They celebrate all the festivals with pomp and grandeur.As the country has some very good sight seeing places, the tourism of this country is also prospering at a good pace.


Business and Economy

The business and economy of this country has been growing at a fast pace and the country has been doing quite well in the last some years financially.The country has accuquired a very importanr place in the world scene and is on the growth process still.The economy of the country has shown a continuous growth rate and because of this fature, investors from across the world flock to invest in this country.Asthis country is averagely populated, almost all the major players as far as business is considered, are present in this country.As such this country is a great place.


Major Cities

The major cities of this country are Pyongyang , Hamhang ,Chazngjin, Nampo, Sinaiju, Waznsanz, Phyazngsazng ,Sariwazn, Haeju, Kanggye, Kimchaek, Hyesan, Kaesazng, Sazngnim , Najin and play a major role in the progress of the country. The tourism of the country also depends a lot on these cities which give the boost needed to make the country grow.As the country has a lot of beautiful places that one can visit, tourists come from all parts of the world to visit these places.


Fact Sheet

Democratic People's Republic of Korea
National name: Choson Minjujuui Inmin Konghwaguk
Head of State: Kim Jong II (1994)
Prime Minister: Hong Song Nam (1997)
Area: 46,540 sq mi (120,540 sq km)
Population (2005 est.): 22,912,177 (growth rate: 0.9%); birth rate: 16.1/1000; infant mortality rate: 24.0/1000; life expectancy: 71.4; density per sq mi: 492
Pyongyang, 3,222,000 (metro. area), 2,767,900
Monetary unit: Won
Literacy rate: 99% (1990 est.)
Economic summary: GDP/PPP (2005 est.): $30.88 billion; per capita $1,400. Real growth rate: 1%. Inflation: n.a. (2003 est.). Agriculture: rice, corn, potatoes, soybeans, pulses; cattle, pigs, pork, eggs. Labor force: 9.6 million; agricultural 36%, nonagricultural 64%. Industries: military products; machine building, electric power, chemicals; mining (coal, iron ore, magnesite, graphite, copper, zinc, lead, and precious metals), metallurgy; textiles, food processing; tourism. Natural resources: coal, lead, tungsten, zinc, graphite, magnesite, iron ore, copper, gold, pyrites, salt, fluorspar, hydropower. Exports: $1.2 million (f.o.b., 2003 est.): minerals, metallurgical products, manufactures (including armaments); textiles and fishery products. Imports: $2.1 billion (c.i.f., 2003): petroleum, coking coal, machinery and equipment; textiles, grain. Major trading partners: China, South Korea, Japan, Thailand (2003)





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