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Which businesses will be hot if North Korea opens its market?
The Korea Times ^ | June 2, 2018 | Casey Lartigue Jr.

Posted on 06/02/2018 9:09:57 PM PDT by 2ndDivisionVet

Casey Lartigue Jr., co-founder of the Teach North Korean Refugees Global Education Center, compiled these statements from interviews with refugees studying in TNKR.

Eun-bin, female, escaped to South Korea in 2012

There have already been so many changes when it comes to the summit, so I will just wait and see what will happen. I haven't really thought about being scared, but now that you are asking, I suppose I should be concerned about the way things could turn out.

If there is change in North Korea, then I think the architecture and real estate businesses will be hot. There is a lot of land that is not being used, so people involved in designing and building museums, office buildings and homes will be needed.

Shin-hye, female, escaped to South Korea in 2011

I do believe Trump's negotiation style will force North Korea to change, and I'm hopeful. I have lost my trust in the South Korean government, I moved here and have felt safe, but the South Korean government is so determined to appease North Korea that I don't know what would have happened if not for Trump.

If North Korea opens its economy, then the online market will take off. Real estate will also be big in North Korea, it is now a disaster, a combination of government control from the past and now anything goes culture. North Koreans are so used to evading the government to support themselves that they don't respect the law and regulations.

Kyung-hee, female, escaped to Japan in 2008

I have higher expectations because of Trump, I did not expect anything from Bush or Obama because they were typical politicians. Trump is a real businessman, if he doesn't see a good deal then he won't move. I'm not concerned because I have not identified myself publicly as being from North Korea.

But one of my colleagues has been threatened by a North Korean communist organization in Japan that has become more active lately. They have threatened her through phone calls warning her to halt her activities against North Korea and even threatened a TV station that had been planning a documentary about her.

I'm not optimistic, but if there is change in North Korea, then tourism will be big. My family was wealthy when I was in North Korea because we got into the market early. I got to see a lot of the country when we were traveling around doing business. Many areas of North Korea are preserved, I hope it won't develop so quickly like Korea or Japan have.


TOPICS: Business/Economy; Chit/Chat; Government
KEYWORDS: 100dollarburgers; korea; purefantasy; realestate; trump; trumpasia
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To: 2ndDivisionVet

Commodities (food) will be the hottest. Expect soybean, corn, bean exports to increase and prices to rise, IMO. Likely chicken/pork as well.


81 posted on 06/03/2018 5:34:49 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: 2ndDivisionVet

Bibles.


82 posted on 06/03/2018 5:39:43 AM PDT by crusty old prospector
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To: Arlis
"NK’s have no money and there is nothing there for tourists to see ‘cept for statues and pics of the Kim family....."

Back in the 90s at least, up around the DMZ, there was a market for rat and snake soju (literally a bottle of soju with a rat or snake in it. Think tequila worm only bigger). These were smuggled from the DPRK, and were an exclusive item up around the Munsan area. Given the millennial predilection for bath salts and tide pods, I would think an entrepreneurial nork could sell a whole lot of the stuff in the USA at a handsome profit.

83 posted on 06/03/2018 5:42:19 AM PDT by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: 2ndDivisionVet

Bibles.


84 posted on 06/03/2018 6:02:13 AM PDT by AmericanInTokyo ("Premature Ejaculative Triumphalism" (PET)...quite a bit in the drinking water these days it seems)
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To: 2ndDivisionVet
I should have added —and it reflects the duality of Man, of the spirit of light and darkness both that humans are capable of:

Bibles and Porno.

Quite serious here. The place will become flooded with both missionaries, and criminal syndicates. I think people will turn to one of two extremes as they are de-programmed. If they ever are liberated.

There will also be a conserable amount of suicides and murders and violence as the nation emerges from cult mentality.

85 posted on 06/03/2018 6:07:32 AM PDT by AmericanInTokyo ("Premature Ejaculative Triumphalism" (PET)...quite a bit in the drinking water these days it seems)
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To: 2ndDivisionVet

Well water drilling companies and electric generation companies.


86 posted on 06/03/2018 6:13:41 AM PDT by libertylover (If people come here legally, they're immigrants; if they come here illegally, they're invaders.)
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To: 2ndDivisionVet

Infrastructure big ticket items, funded by gov (theirs & others).
Power, sanitation, tele/digital com


87 posted on 06/03/2018 6:15:10 AM PDT by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: Joe 6-pack

Only “entrepreneurial nork” s are extremely rare and lack the freedom to do this....and likely would be jailed & tortured for doing so. Strong incentives against entrepreneurs.....

PS: My daughter lives & teaches ESL in Seoul........


88 posted on 06/03/2018 6:15:57 AM PDT by Arlis
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To: 2ndDivisionVet

Asian countries do not ever ‘open’ their markets. No Asian country has a tariff free ‘open’ market for imports like the USA has.


89 posted on 06/03/2018 6:19:43 AM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: LukeL

As soon as NK opens up, I’m heading there - short & long term opportunities


90 posted on 06/03/2018 6:21:56 AM PDT by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: 2ndDivisionVet

These people are stuck in the 1950s, so start them out slowly with hula-hoops and tinny, cheap Japanese transistor radios.

Then move on to big cars with big fins to park at outdoor drive-ins.

Oh, and Starbucks will move its headquarters to North Korea to glorify the past Stalinist dictatorship and serve tree bark coffee and Kim Jong-un pastries made with sawdust and grass.


91 posted on 06/03/2018 6:31:57 AM PDT by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: 2ndDivisionVet

Rare Earth materials!!!!


92 posted on 06/03/2018 9:33:31 AM PDT by ak267
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To: libertylover; NativeSon

If the South Koreans, Indians, Filipinos and Bangladeshi can build a paradise in the desert from oil money (Dubai and others) they can surely modernize North Korea with Rare Earth materials money.


93 posted on 06/03/2018 12:23:10 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: 2ndDivisionVet

Cell phones - not sure what the current situation is?


94 posted on 06/03/2018 2:13:55 PM PDT by Western Phil
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To: greedo

Actually, one of the things a lot of defectors to the South say that they miss is the lack of light pollution. They are used to seeing the stars, and miss them.


95 posted on 06/03/2018 4:17:04 PM PDT by Jamestown1630 ("A Republic, if you can keep it.")
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