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JUCHE 104 OF THE DEMOCRATIC PEOPLE’S REPUBLIC OF KOREA (2015) & oN Lh Sa (DL Suind ag : Ys me the 108 2015) No.4 (37) 2, Cholima Steel Complex 4, Concitons for Economic Development andi Prospects 6. Development of Relations of Foreign Investment 7, Heath Tories Chota Stee Complex 8, Pyongyang Sangwon Cement JV Co Lid 10. Uire Modem Technological roducts~Nono-Gold Products EASE Fen Tomo 12, Pyongyang Gemsy Oressmaking Machine JV Co Lid Photo: Kong Chel Song 14. Korea Yongohung Corporation Jon Soni 16, Kumphyong Motor Works 18, Korea Poekyon Tracing Company ‘Tne gata Fern Tae obo DPRK is aval in Engin Russon, Freeh, Span, Chinese snd Japanese 20. Kusong Machine Tool Factory es jm he Please vst hp wan naenara com. Secmieemaes §— 22. Tonchon Port in the East Sea of Korea. bo 7 Published by the Foreign Trade Publishing House 24, Fyerayeng Tsong Pook axing Comey enon 26, The Law of the Democratic People's Republic of Korea Pyongyang, DPR Korea, ‘ign invested Business ond Foreign Individual Tox 30. Yonggakdo international Hot ‘THE CHAMBER OF COMMERCE, (OFTHE DEMOCRATIC PEOPLE'S REPUBLIC OF KOREA ‘Ab: ngsong dog Cen Dist, yong DPR Kors el S296 Faw AS28107 ma om sit ety r FRADE PUBLISH is rma ion @ sarcoep Portable Digital pH Meter Koryo Liquor CHOLLIMA Steel Complex ‘The Chollima Steel Complex in Cholima District, [Nampho, is a metallurgical giant ofthe DPRK with an annual output of milions of tons of stel ‘The complex has main shops including steel, aloyed steel, wire rope, rolled stee! shops; ancilary shops forthe supply of raw and other materials and electric power, repairs and maintenance of equipment; ‘and an industial laboratory. tis furnished with such modern equipment as UHP lectric are furnace, electric furnace, blooming mil, drawing machine, machine of reeling wie rope, 10 '000.in and 6 000-ton presses argesize oxygen plant ‘and continuous casing machine. thas steadily upgraded the major production lines ‘and kept them in @ good state of repair to boost the production, thas also normalized iron and steel production on a high level by relying on the UHP electric are fumace ‘and adjusted the size of furnaces and the designs for the systems of machines, power supply, hyéraules and automatic control processes. to sult its actual Conditions. Thus, it has reduced investment and tapped its production potentas tothe fl, ‘The process for continuous casting was bul andthe technology of high-temperature air combustion was applied to set up a new roling process. As a result, casting has become a continuous process, providing & favourable condition for increased steel production. 1 ha sooty ivenod an mance intermediate ladle heating device, square steel cut and oer equipment bu obit a producton base nn-qualty fireproof materals which consumes electrodes and is fully equipped with melting. ng shreding, moulding and calenting processes. ’ steelmaking syst wich reles on the mater and fuel abundant in the country has been developed, and Juche en meting and refring processes noord, us fetabisng an advanced sto! proditon ine. syst tat caine al roesss rening fom to refining i edvariagoous in that saves 3 amount of equipment and elect, maximizes core efectreness and hls beosing produce aca. “The complex hs developed an operating system the 1000¢4on ress totum aut ih single any kn of massive forging that weighs hundreds of tons agus the shape, pressure, precision and oF forging acorn othe stat of worpioes, As thas matraized the suche-based ‘loyed steel, it can supply sufficient aloyed steel needed in manufacturing machinery foundations itis increasing the output of rolled steel ‘and ts range, and turning out such secondary products 4 28s steal tubes and wire ropes, Its chrome-free bearing steel, nickol-fee atlernaive steel, special drawn pipes, rals for narrow-gauge railvay and fits make a great conibuton to developing the national economy. Conditions for Economic Development and its Prospects ‘After the decree of the Presicium of the DPRK Supreme People's Assembly on establishing economic development zones in provinces was published on November 21, 2013, several project for economic development zones have Started. Now developmont projects are flourishing and invitation o foreign capital is gaining momentum. ‘other shits of the Lower Proterozoe. Ns norteastem geological structure tits to he nortwest by 80-70 degrees ‘nth the direction of stata being st “The readpasos teogh fe ples predcon and Ghongeong Works Asha znais rear Theptyergran Power Son but by Pargsan Resenor and. Suphung Power Staion. it has tavourabe condor fo he supoty of locity, and eigaton, Indust and tinkng water ‘Sinuju International Economie Zone Located ina Border area, te 2000 has a bight "prospect | forte development of water and marine anspor fis development ra i 40k "Tho zene i 2 fot aca composod of epost of eg fre sand n hw mouth ff the Arnok The merage Deigh o (ound nade the bank 45 m, poorer Praogy's0-0.7% andre average eight Sbovotho soa evel upto 100m Tis annval “average. duraton of sunshine i 2.427" hours, annual poreenage of sunshine is 58% and ful average pecptaon 101 5mm. "Te fst and second annual main winds avo notheast and north winds, Fespectvely thas the northeast and hort winds in winter and soutwest ‘wen summer nthe mal, “Te ‘Siu. riematena! Economic Zone wl provide opportunity for bord processing, tended tansportaton tae Sand teancal busness, ours, Rech Industy and varous other business actos, Tots ond tis panned to develop tho zone io a comprehensive fconomie zone wih a afge-s2 atest TTindusty area, competzve production ava, exports processing rea, cag0 fra, trace and financial area, public Service 70a, tout area anda bonded ort and int an nerationl ty wth an apn aa ade port Encompassng te whole of Siu and two f surounding tthe zone is seody funshed wih inkasinuctre However ts necessary to upgface tho fxstng inastrctre snd expand ts apaoty and build inactuctre ins Suburbs on a peferental bass. “Tho ome. of the constuction of lofastuctre Include pot atpor. ‘always, oads, power siabon, heating and 9as-suppy sytem, ttecanerun- ations (erations domest, mobile nd computer network) and water Sippy, sewage-testng and garbage. dsposing ystons ‘As tho zone AAs ch and good wornitce whose education leet is higher tan secondary education. and many. competive Raavy- and ight Industy.factones and enterprisos found it the investment by foron busiesses wil bo costetocve. and conducive tots evelopment. Legal Environment cof the Development Zones "AS. the. development plans and consircon of iasctue progress Aievelopment businesses shal have the fh to anslor of lace th land and buldings they have daveoped, and set the price for hom, in the econeme zones the ‘evelopment businesses can ans, Tease or morigge thr righ to land Use and bulling ownership wit tho term of vality bythe method of sein, exchange, donation or nentance. “the Business whic as ecoived the approval for estabishing busines the fseonomie ones becomes 2 corporate body ofthe DPRK. In the economic zones businesses ‘ott, subj io corr. 10 bin ‘wan other iis ans errmects: ‘suse for thet butness aces ‘Seltbe peducts whine eto oe DPRK ous he ecoransc zone, Inthe economic zones he eterpise Income tae rats 14% of sted ros ‘ad tat forthe businesses in pron Souls Is 10% of ter setled pros, ‘which vorylow "The enterprise income tax on the busnassos uticn have operated for ‘more than 10 years in the, economic ‘zones wile exempied or reduce, ‘Busnesees inthe scone ones ore ‘te to bg frig curency in and out ‘adroit logematoprott and. othr rou out! he Zones were tate Ih the economic zones tlc! property ighis ae eriled to legal Drlecien and such business actives ‘banking insurance, accountng ‘egal coursing and wephng, as we ‘8 sdvertsng and tous, ae pemited ‘ecard to relevant regulators. Ferigners and tho transportation ‘moans can onar oconomie zones vd ‘agate los vn ten wah passes ‘or cortteats equivalent them. ‘The environment for vestment 0 te econamic onesin the OPRK wl Bo seoaly improved. inte drecton of eahancing thoit_ international {compettvenass, thereby stimulating {ha wllngess to vest n thom on he Intemational sae. National Economic Development Guidance Bureau, DPRK Ministry of External Economie Relations. ‘Ad Taedonggang Dac, Pyongyang, OPR Korea, ‘ot cossoaz-3818012 Fax 0085-02.815880 E-mail: [email protected] ko Development of Relations of Foreign Investment vpn Kren eten an ages ‘euransuchfregramestebusnesses 5 ntact and ely rt were, whe ‘Rene te (1955), whan Be yg oun ot ‘ental undone wen hd ov, te (reese run the Suphang Power Sion Jovy wth Chea ann Jone 86 (867, hon salt ndusrtaton was spp {Ba ehppng comany ruby The DPRK PetPowe wis serps in th moe, wn be cur was turer paring tester a6 ter carts Peco eat orate foie sectregecte tos on Og eestret so os gure em ‘este cts yw Th a rw wa ‘pe Law ee DPRK en Eat doe ere rae publ Separber he 73 (1584, ‘Bowes sucess by te Law of te (ive CPR Frege Eres ‘be Law of te DPRK on Forged ‘Beanwss and Fares i Tae fine GPR on Lamang Lae the aw fn ‘Franca Management ot Feregr- Srvested Ertrpeses, te Labo Law foe Forogrivesies Ererises end oes ‘mor than 80m at The proved 9 os) (uae a txogn esenent Base on hs legal rachansn fur JV Seno 75 (1995) Ths wae floved ircorporatonct erignvened busses (vareue pes, wich now al hanes ‘trons uty “hese busresosresohe many scenic snd techotgeal probe, ence ah See conmbton t butdng the cosy a seit caer pat ners (peeps standard ng rte ear 100s he govermmerto he [PRK put evade poe of sewoong spec ocrome sores as 4 rhecton ot (he aera of the chang itmatona! trend and the prevalng ststen of he cay, Tr OncerbeJute 81601 Rd Rasen ety woh favourable people! arr a8 a etcol cane sone 9 Inved fregrinvesid. everest “Ts marieda maj cecosen ncretg & fren envrnment and contons or Promoting Be esaremy rarest Aa rd ocuatng 1 ecorame compete on frchanges wth Severs courres of he oss Emerng the ew mina, te gommert of te DPRK kpaand the fwblahrant of to Rosson. ital Parkwitanaim at elon be economic perason and ichanges wih south era under eof By Ou Nate et. us creatng tveuraie corto fre ‘sean Keren busiesspecpe te conduct Irvesmort and maragorart aces more Sat Th ne cemonsaten at hore bang erslded under Oe Woe aN Fm saree ae Kim og Un Recenty sho goverment fee OPRIK Health Tonics It Kumgang, one of te cola ‘moun m Far, sanciches et Royal Jelly Nissen a an el rte form hgh rua and mada vate ihecnpracs 120% of potan Set ‘extanyanta, 17.86% of 042% of Sen monomer, vous vite ys ache substances Tie ticscaie for preening. end eatng “abitymindton eal Sjtiscten, dabees, typacaneon taroscucni, ‘maignat tumor sens ‘Seca, ecg” inmncompsares fr argenacs neon ean gan fey andearsovacine deasen Natural Insam in Honey Ine prepared by processing Kavseng Omija Honey Ite a haath fod prepared by ming ‘otac ot mateo frat Semsansrae Honey trom Breeding Boos The fagiart and set mates alec fom the etary of areas Towers are pocesed by bees wih ther sraymes nd aces Ingres: Th man nro s supa soe of comprises gucove and clove 2 wol ae prion gare sd, mine tuncbon of asoreabity ts aso used as te artsntarnaary mecene for 8S Story sing ncton tropa Tobe ung TE, bench, uaa, hapats celts ané senate is a0 ‘retard or hn wake 9 one "coor Lert be api te tented of tarn, us errat fra miara exon and somos Dried Phetinus inteus Thee an ld gerd that Pretrs lets ca faust 8 yng man's Not efencous one taser ocaeer Dried Inonotus obliqus Ie consans the grow of cancer ee. ensaupor ev sta pate iy sabes Sines remained abot ore moth see {Sng te ecocbn of tus mushroom. 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