The North Korean government has given Hyundai a firm commitment to honour international standards of trust and legal protection on the Kaesong project, Mr. Kim said. The North Korean government is offering use of the land at a reasonable cost, he said. And government involvement means there won't be labour disputes to mar our business ventures. We'll be offering the most competitive rates for land cost and support facilities. North Korean officials have assured us we can get incentives like foreign exchange remittance, tax holidays, prevention of double taxation.
Officials are more enthusiastic than ever for collaboration with the outside world.
They need money and they need food. And we can provide money and food by doing business. The Hyundai Group will form a consortium to build the infrastructure needed to make the industrial zone work. Review Publishing Company Limited, Hong Kong. All rights reserved.