The Rason Special Economic Zone, earlier called the Rajin-Sonbong Economic Special Zone,[1] was established in the early 1990s by the North Korean government near Rason to promote economic growth through foreign investment.[2] It is similar to the Special Economic Zones set up by the People's Republic of China and elsewhere to pilot market economics in a designated controlled area. It is near the border with China and Russia and is a warm-water port for both countries.[3][4][2]
Chinese and Russian companies have invested in the economic zone. Mongolia has joined recently,[when?] and the use of foreign currency is permitted.[5] Bloomberg reported that ground was broken in June 2011 on a further development stage of the zone.[6] In November 2011, work began on building electricity transmission lines that will provide Chinese electricity supplies in the zone.[7]
^Cite error: The named reference 38north-20141216 was invoked but never defined (see the help page).
^ abCite error: The named reference Hanns Seidel Foundation- report was invoked but never defined (see the help page).
^Khanna, Parag (September 17, 2012). "Typhoon tourism: One week in North Korea". CNN. Retrieved 8 April 2013.
^http://nkfood.wordpress.com/2014/03/27/energy-generation-in-rason/%7C[permanent dead link] recent report from BDSec Joint Stock Company for HBOil reveals that one of the newcomers to Rason is Mongolia. While China and Russia have rented out the piers in the Rajin portion of Rason, HBOil seems more interested in Seonbong and the energy scene.
^nk.chosun.com Archived 2004-08-30 at the Wayback Machine
^"NKorea opens int'l trade fair at economic zone". Bloomberg Businessweek. August 22, 2011. Archived from the original on November 2, 2012. Retrieved August 24, 2011.
^Andray Abrahamian (24 February 2012). A Convergence of Interests: Prospects for Rason Special Economic Zone (PDF) (Report). Korea Economics Institute. Retrieved 5 May 2012.
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