{"id":627713,"date":"2018-06-10T04:13:04","date_gmt":"2018-06-10T04:13:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/can-one-be-optimistic-about-investing-in-dprk\/"},"modified":"2018-06-10T04:13:04","modified_gmt":"2018-06-10T04:13:04","slug":"can-one-be-optimistic-about-investing-in-dprk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/can-one-be-optimistic-about-investing-in-dprk\/","title":{"rendered":"Can one be optimistic about investing in DPRK?"},"content":{"rendered":"

<\/a> The giant fail that is Koryolink was <\/strong>highlighted by Bloomberg<\/strong><\/a> as one of the foreign investments in North Korea that have tanked<\/strong>, begging the question why would anyone put in money there? The piece notes Orascom Telecom Media and Technology\u2019s (OTMT) inability to repatriate profits, Kim Jong Un\u2019s elevation of a rival telecommunication network, and reports that the DPRK hacked OTMT for corporate espionage. \u201cThe emergence of a state-owned competitor and the strict economic sanctions made our operation much less attractive,\u201d an OTMT spokeswoman said.<\/p>\n

The analysis comes as US President Donald Trump is set to hold a historic summit with Kim in Singapore<\/strong> that could potentially open the country up to foreign investors. While history does suggest that the DPRK has a well-deserved reputation as a corporate graveyard, optimism still prevails. \u201cNorth Korea is now where China was in the 1980s,\u201d the chairman of Rogers Holdings Jim Rogers said. \u201cIt\u2019s going to be the most exciting country in the world for the next 20 years. Everything in North Korea is an opportunity.\u201d Even OTMT remains optimistic, with its spokesperson saying: \u201cThe lifting of sanctions and peace between the two Koreas will improve the overall business climate in the DPRK and will have a positive impact on Koryolink.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The giant fail that is Koryolink was highlighted by Bloomberg as one of the foreign investments in North Korea that have tanked, begging the question why would anyone put in money there? The piece notes Orascom Telecom Media and Technology\u2019s (OTMT) inability to repatriate profits, Kim Jong Un\u2019s elevation of a rival telecommunication network, and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627713","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"95956267-028e-4c4b-b4e6-c651901ded1f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[627691],"teaser":"","voice_url":""},"yoast_head":"\nCan one be optimistic about investing in DPRK? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/can-one-be-optimistic-about-investing-in-dprk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can one be optimistic about investing in DPRK?\" \/>\n<meta property=\"og:description\" content=\"The giant fail that is Koryolink was highlighted by Bloomberg as one of the foreign investments in North Korea that have tanked, begging the question why would anyone put in money there? 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Orascom Telecom Media and Technology Holding (OTMT) reportedly stopped its service in North Korea early last month and is preparing for a full withdrawal from the country, the Korea Times reports, citing sources. Japanese intelligence officials and industry sources say OTMT \u201chas decided to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628374,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/naguib-is-really-hoping-trumps-potential-meeting-with-kim-jong-un-goes-smoothly\/","url_meta":{"origin":627713,"position":1},"title":"Naguib is really hoping Trump\u2019s potential meeting with Kim Jong Un goes smoothly","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"Naguib is really hoping Trump\u2019s potential meeting with Kim Jong Un goes smoothly: Sawiris is really rooting for a successful peace conference between US President Donald Trump and DPRK ruler Kim Jong Un, as it may the miracle that allows him to repatriate profits from Koryolink held up there for\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648939,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/journos-sweat-out-9-hour-dprk-departure-delay-with-beer-twitter\/","url_meta":{"origin":627713,"position":2},"title":"Journos sweat out 9-hour DPRK departure delay with beer, Twitter","author":"enterpriseam admin","date":"18 April 2017","format":false,"excerpt":"What do you do when you\u2019re stuck in North Korea \u2014 and have internet access? Light up Twitter, of course. Journalists invited to cover North Korea\u2019s \u201cFestival of the Sun\u201d (ie: the 105th anniversary of the birth of founding father Kim Il Sung) spent nine hours in the airport waiting\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/4\/1732.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632991,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/sources-confirm-north-korea-hacked-otmt\/","url_meta":{"origin":627713,"position":3},"title":"Sources confirm North Korea hacked OTMT","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"Sources confirm North Korea hacked OTMT: North Korea\u2019s hacking units did attack desktop computers and laptops at Orascom Telecom Media and Technology (OTMT), people familiar with the matter tell Bloomberg. Hackers gained access through emails laced with malware that exploits a security hole in Adobe Flash. The vulnerability has since\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632865,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/did-north-korea-really-hack-otmt\/","url_meta":{"origin":627713,"position":4},"title":"Did North Korea really hack OTMT?","author":"enterpriseam admin","date":"21 February 2018","format":false,"excerpt":"Did North Korea really hack OTMT? North Korea\u2019s elite \u201cReaper\u201d hacking unit has been expanding its attacks abroad over the past year, and one of its targets might have been Orascom Telecom Media and Technology Holding (OTMT), the Wall Street Journal (paywall) reports. 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