Some piks of a Joint venture company and a investment bank in NK also surfaced this week. The company is known as Hana Electronics JVC.:
Link to the piks at: http://www.phoenixcommercialventures.eu/
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BTW, you may wonder where the money would come from for NK to fight a war? The answer may well be from your pocket. Why so? Last year a report by Leonid Petrov was published in Asia Times:
QUOTE
Rare earths bankroll North Korea's future
By Leonid Petrov
Those who travel to North Korea regularly might have noticed that the last couple of years have brought significant improvement in the country's economic situation. Newly built high-rise apartments, modern cars on the roads and improved infrastructure come as a surprise to visitors. It begs the question, where does Pyongyang get the money from?
The ambitious rocket and nuclear programs, which North Korea continues to pursue despite international condemnation, are expensive and harmful to its economy. International sanctions continue to bite the Democratic People's Republic of Korea's foreign trade and investment prospects.
....
According to expert estimations, the DPRK should have ceased to exist in the mid-1990s, after the Communist Bloc collapsed and Kim Il-Sung died. But North Korea has fully recovered after the famine and even shows steady signs of economic growth.
Foreign critics looked everywhere with hope to unravel the mystery. After 2008, the stalled inter-Korean cooperation left North Korea without South Korean financial assistance. Western humanitarian aid has also been exhausted or reduced to a number of goods with little market value. Although the volume of North Korea's foreign trade is negligible, the domestic economic situation continues to improve. Pyongyang is routinely suspected of violating international sanctions by trading arms, smuggling drugs, counterfeiting US dollars and other crimes.
These activities would be expected to refill the impoverished state with badly needed foreign exchange. However, anti-proliferation operations and bank account arrests have never disclosed anything criminal nor did they manage to answer the main question: where does the money come from?
In fact, North Korea is sitting on the goldmine. The northern side of the Korean peninsula is well known for its rocky terrain, with 85% of the country composed of mountains. It hosts sizeable deposits of more than 200 different minerals, of which deposits of coal, iron ore, magnesite, gold ore, zinc ore, copper ore, limestone, molybdenum, and graphite are the largest and have the potential for the development of large-scale mines.
After China, North Korea's magnesite reserves are the second-largest in the world, and its tungsten deposits are almost the world's sixth-largest. Still the value of all these resources pales in comparison to prospects that promise the exploration and export of rare earth metals.
UNQUOTE.
There is an unverifiable story that the NK military has been mining and selling these rare earth minerals. If so, it may be that when you bought a non-chinese TV set or a monitor (the Chinese have theri own mines), that the source of the R.E.M. used in its manufacture, may have been North Korea
