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A delegation of Russian businessmen visited the Kaesong Industrial Zone

During a visit to the DPRK, a Russian delegation of entrepreneurs led by Alexander Galushkoy, Minister of the Russian Federation for the Development of the Far East, visited the Kaesong industrial zone located on the territory of the DPRK on the border of two Korean states, the press service of the Ministry of East Development reported.

The Kaesong industrial zone is a successful joint project, launched in 2005, currently there is an 131 resident in Kaesong, exporting over the past period, products for more than 2 billion US dollars.

Kaesong provides investors with all the necessary infrastructure: exemption for the first five years from taxes, customs procedures - 30 minutes, obtaining a building permit - 15 days, in terms of supervisory and administrative procedures, the principle of "one window" applies.

According to the protocol of the 6 meeting of the IPC, Russia and the DPRK agreed on admission of Russian companies to be located in the Kaesong industrial zone. Russian entrepreneurs carefully studied and highly appreciated the conditions for investing and doing business. As a result of the meeting, representatives of Russian business expressed their interest to be residents in the industrial zone of Kaesong.

Russian investors also visited Chondin and took note of the information on the intentions of the Korean side to create the Chondinsky special economic zone.

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