North Korea seeking to lure more Chinese tourists to Sinuiju

SEOUL, South Korea โ€” North Korea is believed to be seeking to attract more Chinese tourists to its special economic zone in the northwestern border city of Sinuiju, a report by US experts showed Thu

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SEOUL, South Korea โ€” North Korea is believed to be seeking to attract more Chinese tourists to its special economic zone in the northwestern border city of Sinuiju, a report by US experts showed Thursday.

Satellite imagery showed a new complex set up in Sinuiju on reclaimed land under a bridge that spans the Amnok River and links the city to the neighboring Chinese city of Dandong. Andray Abrahamian and Curtis Melvin, experts on the Northโ€™s economy, included this information in a report carried by 38 North, a website specializing in North Korea issues.

The report cited media reports suggesting that accommodations, restaurants and shopping facilities are also being built to facilitate tourism for short-term visitors.

Sinuiju was designated a special administrative zone in 2002, but it quickly fizzled out, as Chinese-Dutch businessman Yang Bin was jailed for tax evasion and other charges in China after being named the first governor of the zone.

The area was renamed Sinuiju International Economic Zone in 2013 amid North Korean leader Kim Jong-unโ€™s push for economic development.

โ€œAssuming the strained relations between Pyongyang and Beijing gradually mend, Sinuiju may be able to attract other small or medium-sized investments, if North Korean policy makers can build an economic environment that is seen as safe and stable for investors,โ€ it said.

But they also remained cautious about whether the North could achieve such a goal.

The report said that Chinese investors may prefer โ€œimporting North Korean labor or making small consignment orders from North Korean firms, rather than exporting their capital to North Korea.โ€

WHAT TO TAKE AWAY FROM THIS ARTICLE:

  • Satellite imagery showed a new complex set up in Sinuiju on reclaimed land under a bridge that spans the Amnok River and links the city to the neighboring Chinese city of Dandong.
  • Sinuiju was designated a special administrative zone in 2002, but it quickly fizzled out, as Chinese-Dutch businessman Yang Bin was jailed for tax evasion and other charges in China after being named the first governor of the zone.
  • โ€œAssuming the strained relations between Pyongyang and Beijing gradually mend, Sinuiju may be able to attract other small or medium-sized investments, if North Korean policy makers can build an economic environment that is seen as safe and stable for investors,โ€ it said.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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