Unification Church car company in North Korea makes profit

Image via Wikipedia

An 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."

Read more

Pyeonghwa is the Korean word for peace

See also

• 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)