has gloss | eng: The Rajin-Sonbong Economic Special Zone was established by the North Korean government (DPRK) near Rason to promote economic growth through foreign investment. It is similar to the Special Economic Zone setup by the Peoples Republic of China and elsewhere to pilot market economics in a designated area. The Peoples Republic of China is investing in the zone, and the use of foreign currency is permitted. The area is surrounded by a 56 kilometer/35 mile long electrified fence. The first joint North-South company called "Chilbosanmeri Joint Company" has been formally established in Rajin-Sonbong Economic Special Zone. |