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Pyongyang turns back the clock

July 8, 2009 by Investing · Leave a Comment 

Author: Leonid Petrov, ANU On the heels of the recent UN Security Council Resolution, which pursued tough new sanctions against the Democratic People’s Republic of Korea (DPRK) for blasting a long-range missile and detonating a second atomic bomb, North Korea has moved aggressively against the last remaining zone of inter-Korean economic cooperation, the Gaesong Industrial Complex (GIP). On June 11, the North Korean Central News Agency (KCNA) announced the nullification of all contracts on r

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