Taep'oong International Investment Group of Korea
Encyclopedia
The Taep'oong International Investment Group of Korea is a Pyongyang
-based North Korean company established by the National Defence Commission of North Korea
. It officially manages the oversea investments to North Korea. 3 of the 7 members of board of directors
are Kim Jong-il
's personal financial managers.
Pyongyang
Pyongyang is the capital of the Democratic People's Republic of Korea, commonly known as North Korea, and the largest city in the country. Pyongyang is located on the Taedong River and, according to preliminary results from the 2008 population census, has a population of 3,255,388. The city was...
-based North Korean company established by the National Defence Commission of North Korea
National Defence Commission of North Korea
The National Defense Commission of North Korea is defined by the 1998 constitution as “the highest guiding organ of the military and the managing organ of military matters.” The Chairman of the National Defense Commission controls the armed forces and, in this state where the military...
. It officially manages the oversea investments to North Korea. 3 of the 7 members of board of directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
are Kim Jong-il
Kim Jong-il
Kim Jong-il, also written as Kim Jong Il, birth name Yuri Irsenovich Kim born 16 February 1941 or 16 February 1942 , is the Supreme Leader of the Democratic People's Republic of Korea...
's personal financial managers.
Activities
- Pak Chŏlsu, the head representative of Taep'oong provided 10 investors from Hong KongHong KongHong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
a tour to the Kaesong Industrial RegionKaesong Industrial RegionKaesŏng Industrial Region is a special administrative industrial region of North Korea. It was formed in 2002 from part of Kaesŏng Directly Governed City.-Kaesŏng Industrial Park:...
on May 2010. - Despite the ongoing tension, the Taep'oong has proposed a co-operative solution to the remaining assets of South Korean HyundaiHyundaiHyundai ) is a global conglomerate company, part of the Korean chaebol, that was founded in South Korea by one of the most famous businessmen in Korean history: Chung Ju-yung...
's Kŭmgangsan Tourist RegionKumgangsan Tourist RegionThe Kŭmgangsan Tourist Region is a special administrative region of North Korea. It was established in 2002 to handle South Korean tourist traffic to Kŭmgangsan ....
in North Korean territories.