Investing in North Korea

Why It Is Important To Consider Investing In North Korea

            Investing in North Korea is a good idea since the country’s economy collapsed in 1990 when the economy was unable to provide for its people. As a result, many lives were lost through the great adversity that made people survive on their own strength. As a result abandoned their work units and became creative. This worsens the economy as people engaged in foraging and illegal market activities to obtain food (Eberstadt 7). The North Korean culture has women run everyday market activities as it is their tradition. Men are not supposed to be in direct contact with the market activities as their traditions do not allow. North Korean citizens are faced with numerous challenges such as freedom of movement as they cannot leave their country without regime permission (Foran 106). Writers who offer business assignment help at Edudorm essay writing service notes that people are restricted which means that knowledge is also limited. Freedom of speech and information is limited due to the forced leadership style. This indicates that a lot of time is spent idolizing their leaders rather than developing the economy. The environment in which the Korean people live is not favorable due to the punishment levels. Investing in North Korea is a good idea because chronic food shortages in North Korea have been created by failed agricultural practices (Business in Korea North for Everyone 243). The environmental mismanagement has been worsening by the adverse climate conditions. Food shortages have been experienced for some time in North Korea and there have been millions of malnourished babies and children, stunt growth, and high health problems as a result of the inability to buy the necessary agricultural inputs and the food imports needed.

Establishing a Food Processing Plant in North Korea

            As a junior executive manager in a for-profit organization, it is advisable to open a plant and consider investing in North Korea. The plant will manufacture and process food. By opening the plant lives will be saved and the North Korean citizens will concentrate more on work as the issue of food is sorted. The plant will create more job opportunities. Establishing such a unique firm while investing in North Korea soil, it will mean that more sales will be made creating high revenue. Experts who offer management case study help at Edudorm essay writing service indicates that through food processing and being stored in cans, food preservation is increased. This can assist in periods of adverse weather where even the transport system is affected. By having food stored in cans transportation can be made when the transport system is better. This will ensure that food can is evenly distributed which will result in reduced health problems and children will be well-nourished as the nursing mothers can feed properly.

Letter Seeking Expansion of the Company by Investing In North Korea

I propose that the company should consider expanding its outlet to the outer border of the country. The establishment of the plant should be investing in North Korea following the wide market gap in this line of business in that country. I believe that in expanding our company to North Korea will open up new opportunities for the growth of the company. Authors who offer marketing management assignment help at Edudorm essay writing service points that the plant will therefore major on processing of healthy foods which will be exported from other countries. After processing the food it will be stored in cans which can be preserved for a longer period hence can help to solve on the chronic food issue as a result of famine in the country.

I will be glad to talk about these recommendations with you later on and discuss on the decision that you make.

Yours faithfully,

Establishing Sweet Health Company plant

Reasons for Investing in North Korea

            Establishing Sweet Health Company plant and investing in North Korea is based on a number of regulations. As a foreign company establishes a business in other country government policies regarding the operation of a processing industry will have to be adhered to. One of the regulations will have to ensure that the plant operates in a manner that is friendly to the environment and has measures and policies that will safeguard it. Tutors who offer MBA assignment help at Edudorm essay writing service acknowledges that any emission that is harmful to the environment should be treated before discharge. The market size in the dawn of starting a business will be relatively medium in order to allow several adjustments to be made in the new business venture. The initial cost will be relatively high but the incomes will increase with time as the company creates awareness for its existence. Process food will be demanded due to the country agricultural challenges (Business in Korea North for Everyone 243).

Foreign Investments

            As the business developed and demand increases there will be an expansion of the plant in the large geographical area in order to fight the feminine menace. Mentors who offer corporate strategy assignment help at Edudorm essay writing service recognizes that investing in North Korea is a good ideas since the country recognizes foreign investments as a positive element of nation development but the North Korean government has remained dedicated to ensuring that foreign investors have a level field as the government aims at promoting economic democratization. The unpredictable weather conditions affect both the transportation and communication systems. This means that extra caution should be taken to ensure that business will run as usual.

Conclusion

            The company will set up a relief group that bears the company name and it will ensure that it offers the most affected people and the neediest ones of food. This will include the children, patients and the pregnant mothers. After investing in North Korea, the company will start off by donating food to hospitals and with its expansion it will also help the children and pregnant mothers who are in great need of food.

References

Business in Korea North for Everyone: Practical Information and Contacts for Success. Intl Business Pubns USA, 2012. Print.

Eberstadt, Nick. The North Korean Economy: Between Crisis and Catastrophe. New Brunswick, NJ: Transaction Publishers, 2008. Internet resource.

Foran, Racquel. North Korea. , 2013. Print.

https://tradecouncil.org/country-guides/doing-business-with-north-korea/

https://www.mauritiustrade.mu/en/market-intelligence/explore-markets/north-korea/investing-3