British American Tobacco (BAT) is leaving its North Korean joint venture and a Singapore based group is taking overs BAT's place [1] reports dprkstudies.org. South East Asian and Chinese companies often fill the gap left by western companies who leave North Korea and Myanmar due to public or government pressure in their home countries. SE Asian and Chinese companies answer their critics by saying that they offer employment and their investment benefits the people in these closed economies.
Singapore: Singapore Based Company to Take Over N.Korean Tobacco Share
· Written by Preetam Rai
Categories: East Asia, North Korea, Singapore, Economics & Business