7 Foreign Businesspeople to Visit N.Korea Next Month

Seven European and Asian businesspeople are expected to visit North Korea in mid-February to look into investment opportunities there.

Organized by the Korean Friendship Association, a pro-Pyongyang organization in Spain, the seven from Australia, Italy, Spain, Taiwan, Thailand and the U.K. will meet with North Korean officials and find out where to invest, Radio Free Asia reported Tuesday.

The North wants them to put money into development of mineral resources like titanium, banks for the development of the mining and other industries, production of "coal engines" developed by North Korean scientists, and ginseng and other medicinal plants.

The required minimum investment is 1 million euros for underground resources, 500,000 euros for coal engines, 20,000 euros for herbal medicines, and 33,000 euros for bank stocks.

englishnews@chosun.com / Jan. 08, 2014 10:33 KST