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Stock impact report

INSIGHT-Peace plays: How foreign companies have lost a bundle in N.Korea [Reuters]

Korea Electric Power Corporation (KEP) 
Company Research Source: Reuters
INSIGHT-Peace plays: How foreign companies have lost a bundle in N.Korea | Reuters Reuters Staff 8 Min Read * With easing tensions, N.Korea seen as potential business partner * Companies including Samsung C&T; interested in investing * U.N. sanctions ban all new, existing JVs with North * Most of over 350 JVs closed even before U.N. sanctions hit * For multimedia coverage of North Korea: www.reuters.com/north-korea/ By Ju-min Park and Jane Chung SEOUL, June 22 (Reuters) - Months before the first summit between leaders of two Koreas in 2000, South Korean tech giant Samsung Electronics Inc invested $730,000 in Pyongyang’s top computer lab. North Korean programmers there would develop online chess games and food recipes for Samsung to sell outside the North. Samsung quit the business as inter-Korea relations later deteriorated and the lab - Korea Computer Centre - was blacklisted last year for its alleged contribution to the North’s weapons programme. As companies from South Korea to Ru Show less Read more
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