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Rason Special Economic Zone
| Rason Special Economic Zone | |
| Chosŏn'gŭl | 라진선봉 경제특구 |
|---|---|
| Hancha | 羅津先鋒經濟特區 |
| Revised Romanization | Rajin-Seonbong Gyeongje Teukgu |
| McCune–Reischauer | Rajin-Sŏnbong Kyŏngche T'ŭkku |
The Rason Special Economic Zone, earlier called the Rajin-Sonbong Economic Special Zone,[1] was established by the North Korean government at Rason, bordering China and Russia, in 1991 to promote economic growth through foreign investment.[2] It is similar to the special economic zones of China and elsewhere, set up to pilot market economics in a designated controlled area. Foreign currency may be used in the zone.[3] Chinese and Russian companies have invested in the special economic zone, and Mongolia joined in about 2013.[4]
The Rason Special Economic Zone is administered by the Committee for Promotion of External Economic Cooperation (CPEEC).[5] Foreign companies must be invited by the CPEEC to operate in the zone.[5]
- ^ Cite error: The named reference
38north-20141216was invoked but never defined (see the help page). - ^ Cite error: The named reference
Hanns Seidel Foundation- reportwas invoked but never defined (see the help page). - ^ Kang Chol Hwan (13 September 2001). "Foreign-exchange coupons out of sight". NKchosun.com. Archived from the original on 30 August 2004.
- ^ Cite error: The named reference
LaFoywas invoked but never defined (see the help page). - ^ a b "Information on Entry & Investment into Rajin-Sonbong District". North Korean government. Archived from the original on 29 August 2012. Retrieved 5 November 2012.
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