The Taep'oong International Investment Group of Korea is a

Pyongyang Pyongyang (, , ) is the capital and largest city of North Korea, where it is known as the "Capital of the Revolution". Pyongyang is located on the Taedong River about upstream from its mouth on the Yellow Sea. According to the 2008 populat ...

-based

North Korea North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korean Peninsula and shares borders with China and Russia to the north, at the Yalu (Amnok) and T ...

n company established by the

National Defence Commission of North Korea The National Defence Commission of the Democratic People's Republic of Korea (NDC) () was the highest state institution for military and national defence leadership in North Korea, which also served as the highest governing institution of the cou ...

. It officially manages the oversea investments to North Korea. Three of the seven members of board of directors were Kim Jong-il's personal financial managers.

Activities

*Pak Chŏlsu, the head representative of Taep'oong provided 10 investors from

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

a tour to the

Kaesong Industrial Region The Kaesŏng Industrial Region (KIR) or Kaesŏng Industrial Zone (KIZ) is a special administrative industrial region of North Korea (DPRK). It was formed in 2002 from part of the Kaesŏng Directly-Governed City. On 10 February 2016, it was temp ...

in May 2010. *Despite the ongoing

tension Tension may refer to: Science * Psychological stress * Tension (physics), a force related to the stretching of an object (the opposite of compression) * Tension (geology), a stress which stretches rocks in two opposite directions * Voltage or el ...

, the Taep'oong has proposed a co-operative solution to the remaining assets of South Korean Hyundai's

Mount Kumgang Tourist Region The Mount Kumgang Tourist Region is a special administrative region of North Korea. It was established in 2002 to handle South Korean tourist traffic to Mount Kumgang (Diamond Mountain). It was one of the symbols of the South Korean Sunshine Pol ...

in North Korean territories.

References

Financial services companies of North Korea Government-owned companies of North Korea {{NorthKorea-company-stub