Image via WikipediaAn advertising board for Pyeonghwa Motors in Pyongyang
From www.nasdaq.com (July 15)
"A South Korean auto company operating in impoverished North Korea has made a profit for the first time since it opened there 11 years ago, officials said Wednesday. Pyonghwa Motors, owned by the Unification Church, said it posted a net profit of $700,000 last year."
Pyeonghwa is the Korean word for peace
- This long article in North Korean Economy Watch
- Pyeonghwa Sells in North Korea - Wall Street Journal
- Wikipedia article about Pyeonghwa Motors
- Pyeonghwa Motors website (Korean language)