The first fund to invest in North Korea: want to join?

Investing in North Korea? It is certainly a brave men’s game. But now you have an opportunity a London-based fund that is going to tap into North Korea’s rich natural resources.

According to Ohmynews:

“London-based Chosun Development & Investment Fund LP is trying to raise US$50 million (euro40 million) to exploit, as it says on its Web site, ''opportunities in the Democratic People's Republic of Korea ... one of the last frontiers of global investing.'' It claims to be the first such fund dedicated to investing in North Korea.

The fund's manager, Anglo-Sino Capital Partners Ltd.,hasreceived regulatory approval from Britain's Financial Services Authority, providing the green light to begin soliciting investors.”

They have several experienced partners on board, e.g. Lynn Turk, a former U.S. diplomat with expertise in North Korean affairs, Robert Fox, a fomer group vice chairman of investment bank Dresdner Kleinwort Benson. See the list of the investment team members.

There are certainly a lot of risks. But as Colin McAskill (the fund’s exclusive investment advisor) said: ''They have gold, silver, zinc, masses of iron ore, all that the rest of the world, particularly China, needs right now''

Disclaimer: I am not responsible for any of your investment decisions.

Comments

[Dr.Li Jingke]

Dear sir

I am the chief of Small China-D.P.R Korea Association, the main purpose for setting this association is to gather all businessman who are interested in doing business with North Korea, we have a website: www.kortr.cn. you could have a look at this website, there are some news you might be interetsed in. I do hope we could have cooperation in the near future .

yours faithfully,

Li Jingke

[Nick]

Is someone having a laugh? This is a country which denies the most basic human rights to its people. Women and babies experimented on in the most barbaric ways in the concentration camps. I'm not surprised. There is always some greedy c*** prepared to make money while people suffer. Nobody should want to touch North Korea with a bargepole until Kim Jong Il and all his cronies have been put in the same gas chamber that women and babies go into.