Rajin-Sonbong Economic Special Zone
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The Rajin-Sonbong Economic Special Zone was established by the North Korean government (DPRK) near Rason to promote economic growth through foreign investment. It is similar to the Special Economic Zone setup by the People's Republic of China and elsewhere to pilot market economics in a designated area. The People's Republic of China is investing in the zone,[1] and the use of foreign currency is permitted.[2]
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[edit] Administration
The Rajin-Sonbong Economic Special Zone is administered by the Committee of External Economic Cooperation (CPEEC). Foreign companies must be invited by the Committee of External Economic Cooperation (CPEEC) in order to participate in the special zone.
[edit] Geographical Location
The 746 square km Rajin-Sonbong economic special zone is situated on the western side of the Tumen River in north Korea. It is physically located between 4208'-38'N. And 130 07'-130 42'E.
