Iron Silk Road-Trans Siberia Railway(TSR)  Rajin Business Institute(RBI)

Rajin Business Institute (RBI),

Rason Economic and Trade Zone(RETZ), DPRK

The Rajin-Sonbong Economic and Trade Zone Investment Discussions took place in September 1998. The Discussions were organized by the DPRK government with assistance from the United Nations Industrial Development Organization (UNIDO) and UNDP.  The 1998 Investment Discussions built on an investment forum held in the Rajin-Sonbong Economic and Trade Zone in 1996.

Another element of investment promotion support for the Rajin-Sonbong Economic and Trade Zone has been publication of an investment and business guide and a collection of laws and regulations relating to foreign investment in the Zone, printed in 1998 and 1999, respectively.

You can find the DPRK laws and regulations related to foreign investment, taxes, customs, foreign exchange control, leasing of land, insurance, external economic arbitration, wholly foreign-owned enterprises, joint venture enterprises, labor and employment etc. Please visit the following website for Foreign Investment Law:

http://www.kcckp.net/en/trade/trade-rule.php

The majority of the investment promotion support for the Rajin-Sonbong Economic and Trade Zone was provided to set up the Rajin Business Institute(RBI) and Business Information Centre(BIC), and related human resource development.

The nature of work in the world is changing rapidly. The interplay of global market competition, changing demographic, and increased use of technology make it necessary for DPRK to re-think, re-define, re-tool, and re-invest in education and the world of work.  In order to compete in the new international market, the DPRK must upgrade the basic skills would contribute to an enhanced workplace. A more educated workforce would have positive effects on the position of DPRK in the global market and on increased profit margins for local business.  In addition, work-places would be more equitable and competitive for workers.

It is for this reason that Chayon Kim & Associates (formerly Team international) is to invest in Rajin Business Institute with UNDP and UNIDO.

Development and Implementation of Training Activities for the Rajin Economic and Trade Zone is to establish Rajin Business Institute (RBI).

A. Institution strengthening and networking;

Upgrading and conversion of Rajin Maritime College will require technical support to strengthen the capacity of an institution to coordinate and effectively deliver and a range of learning experiences in the RETZ.

B. Curriculum developing; and

1. Language and communication skills development

  a. Foreign language training in strategic language such as English, Chinese, Japanese, French and other languages identified as critical for Development of economic activities;
  b. Business language, both writing and communication skills;
  c. Marketing and customer service skills; and
  d. Presentation skills

2. Enterprise Level Training

  a. Accounting/bookkeeping
  b. Financial analysis
  c. Business administration and management
  d. Office management
  e. Personnel management
  f. Quality control and assurance
  g. Joint venture negotiations
  h. Contract negotiations and agreements
  i. Marketing
  j. Inventory management
  k. Project appraisal
  l. Pre and feasibility study preparation
  m.Technology transfer (incl. negotiation)

3. Macro Level Training/HRD

  a. Banking
  b. Bank management
  c. Project finance
  d. Development/business support infrastructure(chambers and associations)
  e. Other business infrastructure(consulting, accounting, banking and other services)
  f. Entrepreneurship development
  g. Information services
  h. Customs clearance
  i. Hospitality and tourism
  j. Business liaison services
  k. Secretarial services

4.  Industrial Estate Development & Management

  a. Conceptual framework/planning:
  b. Physical planning
  c. Zone marketing and management

C. Capacity building(training of-trainers)

  * Group training;
  * Workshop;
  * Lectures, seminar and inter-active training;
  * Hands on training at local, regional and foreign training institution;
  * distance learning

The RBI assist Korean workers through comprehensive IT educational programs focusing on Information Technology skill training, Accounting, business English and business Chinese for 6 months course.

EBA representatives, Felix Abt, President of the European Business Association (EBA)and Barbara Unterbeck, Vice president of EBA in the DPRK meeting Kim Soo-Yol, Chairman of the Rajinsonbong Economic and Trade Zone(RETZ) and Kim Chayon of Team International(US NGO).