September 13, 2003

North Korea's Shift Toward Capitalism

Washington Post:

On the thoroughfares of Pyongyang, the North Korean capital, five remarkable roadside billboards are scheduled to go up later this month. In one, a young man will stare out with an expression of wonder once reserved for official posters of North Koreans gazing upon their leader, Kim Jong Il. This time, the object of awe will instead be a shiny new Fiat.

The billboards are part of what is being dubbed the first corporate media blitz to hit North Korea. Pyeonghwa Motors Corp. -- a South Korean company with close ties to the Rev. Sun Myung Moon's Unification Church -- coaxed the North Korean government this year into a major break with its communist doctrine: the launch of a capitalist marketing campaign. Pyeonghwa began assembling cars in North Korea 18 months ago using imported Fiat parts.

Posted by Timothy Fredel at September 13, 2003 10:26 PM
Related Categories: Quadrant - Political | Quadrant - Social



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