The Phaserl


North Korea’s New Master Plan

by Wolf Richter, Testosterone

Known under the official misnomer Democratic People’s Republic of Korea (DPRK), North Korea is an inscrutable, unpredictable, armed-to-the-teeth thorn in just about everyone’s side, a pariah ready to lob nukes, starve its own people, or hold out an olive branch, only to yank it back. But now something is going on that reeks of the dreaded phrase, “this time, it’s different”: secret discussions in Germany.

North Korea is seeking the advice of German economists and jurists, the German paper FAZ was told by a source, an academic and one of the presumed experts who has been participating in these hush-hush discussions.

“There is a master plan,” he said. North Korea is planning to open up its economy to foreign investors in 2013. They’re particularly interested in modern investment laws. But they’re not looking at the Chinese model with its special economic zones for foreign investors.

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