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A Study on the Developing North Korean Special Economic Zones through a Competitiveness Expansion Approach

Sung-Hoon Lim 1

1건국대학교

Accredited

ABSTRACT

This article focuses on the challenge of developing North Korean Special Economic Zones (SEZs) successfully by utilizing and exploiting the competitive capabilities and the market forces of South Korean economy based on the theoretical approaches such as double diamond model and spatial fix perspective. In fact, among four North Korea’s SEZs. the Rajin-Sunbong SEZ has been regarded as a failure and the Sinuiju SEZ has been developing more slowly than was hoped. In contrast the Gaeseong SEZ and the Mt. Kumkang SEZ’s development have been making smooth progress. As matters stand now, this article suggests adopting a sequential approach for successfully establishing North Korean SEZs rather than adopting a simultaneous approach. South Korean competitive power will be stated with linking the Gaeseong SEZ and extended to Pyeongyang, the Sinuiju SEZ. The way to attract a foreign investment into SEZ is that the North Korean SEZs not only fully utilize its cheap labor forces but also South Korean’s attractive market demand. Competitiveness in labor forces appeals to multinationals seeking for production efficiency and the Seoul metropolitan area adjacent to the Gaeseong SEZ can be an attractive foreign investment climate to the multinationals seeking for potential market.

Citation status

* References for papers published after 2022 are currently being built.