DPRK Business Monthly Volume II, Issue 3, April 2011
International Air Koryo Launches Regular Flights to Kuala Lumpur: The national carrier of the DPRK, Air Koryo, began regular flights to Kuala Lumpur International Airport on April 18, operating twice weekly on Mondays and Thursdays. Utilizing a TU-204 Next Generation Tupolev aircraft, the service carries 142 passengers. This marks Air Koryo's first direct-schedule flights to Pyongyang from Kuala Lumpur.
Cooperation in Information and Media: Malaysia and the DPRK agreed to enhance cooperation in information-related areas, including news and television coverage, following a two-day meeting in Kuala Lumpur. Bernama, Malaysia's national news agency, expressed readiness to increase news exchanges with KCNA, the DPRK's news agency. Cooperation discussions will continue in the future, including training programs for KCNA journalists.
US Import Sanctions Not Affecting North Korean Beer: The latest US sanctions on importing goods and services from the DPRK will not impact the import of the North Korean beer brand Taedonggang. Individuals or companies holding import permits for North Korean goods prior to the sanctions can continue with their importation activities.
North Korean Delegation Tours Google and Stanford University: A 12-member North Korean economic delegation, visiting the US since March 21, toured Google's headquarters in Mountain View, California, followed by Stanford University. The visit included a lunch seminar with staff from other IT companies in Silicon Valley.
Choson Exchange Group Teaching International Finance in North Korea: Choson Exchange, a non-profit organization, is conducting workshops in Pyongyang for North Korean officials and students on international finance. The aim is to train young North Koreans in finance and economics, in partnership with various financial and economic institutions. Plans include organizing workshops for 35 participants and running technical consultations.
Mennonite Central Committee Continues Support in North Korea: The Mennonite Central Committee (MCC) has been supporting North Korea since the mid-1990s, focusing on food aid, sustainable agriculture, and humanitarian assistance. The MCC continues to provide food and material resources to orphanages, tuberculosis hospitals, and rest homes. A three-year food security project was initiated in 2009, aiming to increase conservation agriculture practices at three cooperative farms.
Inter-Korean Agreement Ends Hyundai's Exclusive Rights at Mount Kumgang: The Democratic People's Republic of Korea (DPRK) canceled the South Korean Hyundai Asan company's exclusive rights to operate tourism at Mount Kumgang. The decision was made due to the South Korean authorities' unilateral halt of operations for three years and refusal to discuss the issue with the DPRK. The joint operation of Mount Kumgang tourism with Hyundai Asan will now involve the DPRK and possibly overseas operators, while tourism from the south remains with Hyundai Asan.